ClaimsWarren Buffett

“But the electric utility industry will never be as good as, I mean, just remotely as good as, you know, the kind of businesses we own in other arenas.”

Warren Buffett, Berkshire CEO, annual meeting 4 May 2024 Berkshire Hathaway Annual Meeting 2024 Transcript (Good-Investing)

Prediction Economics and markets

The electric utility industry will never be nearly as good a business as the other kinds of businesses Berkshire owns.

Unresolvable The public record could not settle it.

Prediction: Statements about events outside the person's control, checked once they fell due: did they come true?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

'Never' prediction with no horizon and vague comparison.

Cite this claim

Warren Buffett, “The electric utility industry will never be nearly as good a business as the other kinds of businesses Berkshire owns.” (said 4 May 2024). Verdict: unresolvable. Reliability API, claim c_24513702dc3c, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_24513702dc3c

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Warren Buffett, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More prediction claims by Warren Buffett

  1. Mostly true Prediction 27 February 2017
    “And I think they will end up going for something not as dramatic as they might even like to do because they simply don't want to spend the time and the political capital getting it done.”

    Buffett said he thinks those in control will end up going for a less dramatic tax change than they might like, because they don't want to spend the time and political capital getting it done.

  2. Resolved true Prediction 23 September 2010
    “we will get out of it.”

    The US economy will eventually get out of the recession, though not for a while.

  3. Resolved true Prediction 23 September 2010
    “I don’t think they’ll end up being passed for no one.”

    Buffett said he did not think the expiring tax cuts would end up being extended for no one, i.e. he expected some to be extended.

  4. Mostly true Prediction 2007
    “Nevertheless, this operation faces unrelenting pressures that will cause profit margins to slide.”

    Unrelenting pressures will cause the Buffalo News's profit margins to slide.

  5. Resolved true Prediction 2007
    “A decade from now, HomeServices will almost certainly be much larger.”

    HomeServices will almost certainly be much larger a decade from 2007.

All of them

Verdicts are made automatically; how verdicts are made.