Tell Me Your Heroes And I'll Tell

If I Got A Chance To Take One Percent Of The Deal Either Way, I Would Make That Bet.

After 25 Years Of Buying And Supervising A Great Variety Of Businesses, Charlie [munger] And I Have Not Learned How To Solve Difficult Business Problems. What We Have Learned Is To Avoid Them. To The Extent We Have Been Successful, It Is Because We Have Concentrated On Identifying One-foot Hurdles That We Could Step Over Rather Than Because We Acquired Any Ability To Clear Seven-footers.

If Horses Had Controlled Investment Decisions, There Would Have Been No Auto Industry.

Focus On Return On Equity, Not Earnings Per Share.

Wall Street Makes Its Money On Activity. You Make Your Money On Inactivity.