"Accounting consequences do not influence our operating or……" — Warren Buffett

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition… - Warren Buffett
"Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable."

Warren Buffett

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