Warren Buffett says

“For Buffett, managers are stewards of shareholder capital. The best managers think like owners in making business decisions.”

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“We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.”

“It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].”

“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings".”

“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.”

“Any business plan won’t survive its first encounter with reality. The reality will always be different. It will never be the plan.”