“Of all our activities at Berkshire, the most exhilarating for Charlie and me is the acquisition of a business with excellent economic characteristics and a management that we like, trust and admire. Such acquisitions are not easy to make but we look for them constantly. In the search, we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested and open-minded, but it does not pay to be in a hurry.”

in Investing, Warren E. Buffett, Writers

-Warren E. Buffett, 1992 Chairman’s Letter to the Shareholders of Berkshire Hathaway, Inc.

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