"In the business world, the rearview mirror is always clearer than the windshield"
About this Quote
The specific intent is a warning against overconfidence, especially the kind dressed up as forecasting. Buffett is famously allergic to elaborate models that promise precision; he prefers durable businesses, simple economics, and a margin of safety. That philosophy isn’t anti-intellectual, it’s anti-fantasy. His subtext is also a critique of how business narratives get manufactured. After the fact, everyone claims the winning move was obvious, the pivot inevitable, the acquisition “transformational.” Hindsight doesn’t just clarify; it flatters.
Context matters: Buffett built his reputation through long-term investing and disciplined patience, often in markets intoxicated by prediction. The quote reads as a quiet rebuke to quarterly theatrics and futurist rhetoric. It’s also a reminder that even the best operators are driving through fog, making bets with partial visibility. The smartest posture isn’t certainty; it’s humility paired with preparation.
Quote Details
| Topic | Decision-Making |
|---|---|
| Source | Verified source: Berkshire Hathaway 1991 Letter to Shareholders (Warren Buffett, 1992)
Evidence: In the business world, unfortunately, the rear-view mirror is always clearer than the windshield:. This line appears in Warren E. Buffett’s Chairman’s Letter covering 1991 results, which was published as part of Berkshire Hathaway’s annual report/letter dated February 28, 1992 (i.e., the '1991 letter' was issued in 1992). The commonly circulated version often omits Buffett’s 'unfortunately' and sometimes removes the hyphen in 'rear-view.' I did not locate an official Berkshire PDF with page numbering in the sources I checked; the official HTML letter is the primary text and does not include stable page numbers. Other candidates (1) The Big Book of Business Quotations (Johnnie L. Roberts, 2016) compilation95.0% ... In the business world, the rearview mirror is always clearer than the windshield. —Warren Buffett, legendary inve... |
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Citation Formats
APA Style (7th ed.)
Buffett, Warren. (2026, February 8). In the business world, the rearview mirror is always clearer than the windshield. FixQuotes. https://fixquotes.com/quotes/in-the-business-world-the-rearview-mirror-is-18373/
Chicago Style
Buffett, Warren. "In the business world, the rearview mirror is always clearer than the windshield." FixQuotes. February 8, 2026. https://fixquotes.com/quotes/in-the-business-world-the-rearview-mirror-is-18373/.
MLA Style (9th ed.)
"In the business world, the rearview mirror is always clearer than the windshield." FixQuotes, 8 Feb. 2026, https://fixquotes.com/quotes/in-the-business-world-the-rearview-mirror-is-18373/. Accessed 19 Feb. 2026.










