“We Do Not View The Company

Read Ben Graham And Phil Fisher Read Annual Reports, But Don't Do Equations With Greek Letters In Them.

“There Comes A Time When You Ought To Start Doing What You Want. Take A Job That You Love. You Will Jump Out Of Bed In The Morning. I Think You Are Out Of Your Mind If You Keep Taking Jobs That You Don’t Like Because You Think It Will Look Good On Your Resume. Isn’t That A Little Like Saving Up Sex For Your Old Age?”

It's Easier To Create Money Than To Spend It.

There Is No Question That An Important Service Is Provided To Investors By Investment Companies, Investment Advisors, Trust Departments, Etc. This Service Revolves Around The Attainment Of Adequate Diversification, The Preservation Of A Long-term Outlook, The Ease Of Handling Investment Decisions And Mechanics, And Most Importantly, The Avoidance Of The Patently Inferior Investment Techniques Which Seem To Entice Some Individuals.

When Berkshire Hathaway Laid Out Three Billion Dollars For Ge Today, We Didn't Spend It, We Invested It. When The Federal Government Buys The Mortgages, They're Not Spending It, They're Investing It. Now, They're Investing It In Distress Type Assets But They're Buying Them At Distress Prices If They Buy Them At Market. It's The Kind Of Stuff I Love To Do. I Just Don't Have 700 Million. Maybe We Could Go In It Together.