Knowing The Edge Of Your Competency Is

Someone Is Sitting In The Shade Today Because Someone Planted A Tree A Long Time Ago.

Our Stay-put Behavior Reflects Our View That The Stock Market Serves As A Relocation Center At Which Money Is Moved From The Active To The Patient.

Charlie And I Decided Long Ago That In An Investment Lifetime, It's Too Hard To Make Hundreds Of Smart Decisions. That Judgment Became Ever More Compelling As Berkshire's Capital Mushroomed And The Universe Of Investments That Could Significantly Affect Our Results Shrank Dramatically. Therefore, We Adopted A Strategy That Required Our Being Smart And Not Too Smart At That, Only A Very Few Times. Indeed, We Now Settle For One Good Idea A Year.

The Smarter The Journalists Are, The Better Off Society Is.

A Lot Of People Disagree With Me On This, I Believe In Mark To Market.