“Buffett believes that real risk comes from the nature of certain kinds of businesses, by the simple economics of the business and… — Daniel Pecaut Business Copy Share Image
“Buffett noted that investing is really all about laying out cash now to get more back later. Buffett” — Daniel Pecaut Investing Copy Share Image
“Munger noted that high profits on capital often rely on information inefficiencies.” — Daniel Pecaut Copy Share Image
“humanity will always include a certain percentage of psychotics, megalomaniacs and religious fanatics. However, where the deranged few could do little more… — Daniel Pecaut Modern technology 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 Business Copy Share Image
“As long as politicians lack self-restraint, they will print a lot of money at some point.” — Daniel Pecaut Money Copy Share Image
“Buffett quoted Marshall Fields: “We waste half of the money we spend on advertising . . . the problem is we just… — Daniel Pecaut Money 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
“Munger opined that many corporations are run stupidly, forcing things down from headquarters, worrying about quarterly profits. For” — Daniel Pecaut Copy Share Image
