Warren Buffett says
“Despite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are.”
“We trade real estate for technology (which gets cheaper and more capable every year).”
“Warren talks about these discounted cash flows. I’ve never seen him do one.”
“We both insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. So Warren and I do more reading and thinking and less doing than most people in business.”
“what’s good for customers is good for shareholders.”
