Hit It Out of the Park

How are you hitting it out of the park? What are your best opportunities?

"Buffett sometimes speaks of Ted Williams, known as the greatest hitter of all-time, when he talks about making decisions about what deals to pursue. Williams broke down the strike zone for a baseball hitter into 77 cells, each cell the size of a baseball. He calculated that there were only 9 cells in that zone that had his highest yield opportunities to hit if a pitch came into the strike zone.

Buffett uses the same type of thinking. He knows that even though he could make lots of deals, his best opportunities for real success are few in number. By knowing his own filter of characteristics for the perfect opportunity, he can be patient and not take every deal. He waits for the ones he can knock out of the park."