“Counterfactuals are the building blocks of moral behavior as well as scientific thought. The ability to reflect on one’s actions and envision alternative scenarios is the basis of free will and social responsibility.”
- Judea Pearl, The Book of Why
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
Wednesday, December 27, 2023
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“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
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At the end of the 1988 Berkshire Hathaway annual meeting Buffett said, “You shouldn’t own common stocks if a 50% decrease in their value in ...
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Asked if the markets were overvalued [in 1993], Buffett said , "I've never been a good judge of the markets. I try to evaluate spec...
Edward Quince’s Wisdom Bites: OPV Page 419
“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
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