“the real key is to be able to figure out what the average profitability of the business will be over the long… — Daniel Pecaut Copy Share Image
“Being able to think and invest very long term and not worry about current earnings or Wall Street analysts can be a… — Daniel Pecaut Copy Share Image
“Buffett continued, saying that MPT has no utility. It is elaborate with lots of little Greek letters to make you feel you… — Daniel Pecaut Copy Share Image
“Buffett said he pays no attention to economic outlooks. His decisions are based simply on intrinsic business values. Interestingly,” — Daniel Pecaut Copy Share Image
“One ratio that Buffett is known to track is the total market cap to GDP. Recently, it was at 125%, which is… — Daniel Pecaut Copy Share Image
“Buffett noted that investing is really all about laying out cash now to get more back later. Buffett” — Daniel Pecaut Copy Share Image
“rather than worry about economic projections, these brilliant investors focus on finding good businesses at bargain prices within our resilient economy. On” — Daniel Pecaut Copy Share Image
“Buffett asserted that the tendency to project out very high rates of growth has caused investors to lose tons of money. The… — Daniel Pecaut Copy Share Image
“With that focus on quality and discipline, NI has been profitable nearly every year, a record that Buffett claimed has left others… — Daniel Pecaut Copy Share Image
“Buffett added that there is a big difference between identifying a growth industry and minting money. He noted that AT&T’s return on… — Daniel Pecaut Copy Share Image
“Buffett believes that real risk comes from the nature of certain kinds of businesses, by the simple economics of the business and… — Daniel Pecaut Copy Share Image
“occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics… — Daniel Pecaut Copy Share Image
“Buffett also reaffirmed that they like John Gutfreund, Chairman of Salomon Brothers, very much. Munger (whose favorite expression seemed to be, “It’s… — Daniel Pecaut Copy Share Image
“Buffett observed that they do have filters. A key one is whether they have a good idea of how the business is… — Daniel Pecaut Copy Share Image
“Buffett returned to a concept he has brought up numerous times, relating that “if share of mind exists, the market will follow.”… — Daniel Pecaut Copy Share Image
“Buffett pointed out that when the investment tide goes out, you will see who has been swimming naked.” — Daniel Pecaut Copy Share Image
“If investors only had to study the past, the richest people would be librarians.” — Daniel Pecaut Copy Share Image
“the single biggest outcome of the Internet has been little understood: buyers are the winners.” — Daniel Pecaut Copy Share Image
“average college student has the same standard of living as he does. Same food. No important difference in clothes, cars, TVs.” — Daniel Pecaut Copy Share Image
“Buffett added that there is a big difference between identifying a growth industry and minting money. He noted that AT&T’s return on equity over… — Daniel Pecaut Copy Share Image
“After you have enough for daily life, all that matters is your health and those you love.” — Daniel Pecaut Copy Share Image
“To a question about what books to read, Munger replied that he is a biography nut and heartily recommended biographies as a way to… — Daniel Pecaut Copy Share Image
“the real key is to be able to figure out what the average profitability of the business will be over the long term and… — Daniel Pecaut Copy Share Image
“The right manager can have an absolutely huge impact. Find people with brains, energy and integrity,” — Daniel Pecaut Copy Share Image
“Tom Murphy, CEO of Capital Cities/ABC and considered by Buffett to be the best business manager in the country, prays every day to be… — Daniel Pecaut Copy Share Image
“There are essentially five things public corporations can do with a dollar earned: reinvest in the business, acquire other businesses or assets, pay down… — Daniel Pecaut Copy Share Image
“rather than worry about economic projections, these brilliant investors focus on finding good businesses at bargain prices within our resilient economy. On” — Daniel Pecaut Copy Share Image
