-Warren E. Buffett
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- “It is better to approximately right than precisely wrong.”
- “If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.”
- “An investor needs to do very few things right as long as he or she avoids big mistakes.”
- “Reading is key. Reading has made me rich over time.”
- “…Berkshire’s ownership may make even the best of managers more effective. First, we eliminate all of the ritualistic and nonproductive activities that normally go with the job of CEO. Our managers are totally in charge of their personal schedules. Second, we give each a simple mission: Just run your business as if: 1) you own 100% of it; 2) it is the only asset in the world that you and your family have or will ever have; and 3) you can’t sell or merge it for at least a century. As a corollary, we tell them they should not let any of their decisions be affected even slightly by accounting considerations. We want our managers to think about what counts, not how it will be counted.”