Steal Buffett 3-step process for defining acronyms
How can you make sure your readers don’t spend the time between meetings trying to figure out what the acronyms mean?
Here’s a tip to steal from the Oracle of Omaha: Spell out, explain and illustrate acronyms.
1. Spell out acronyms.
In one of his famous letters to shareholders, Buffett spells out an acronym:
2. Explain acronyms.
But spelling out the acronym isn’t enough. (Do you feel like you have a solid grounding in IBNR just because you know what the initials stand for? Didn’t think so.)
So he clarifies the term with this explanation:
3. Illustrate acronyms.
That’s a little better. But I still don’t think I could explain IBNR to my friends.
So Buffett illustrates the acronym with an apocryphal story:
OK, now I see!