"To have what we want is riches, but to be able to do without is power."
- Joe Macdonald
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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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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