Warren Buffett says

“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

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“Warren talks about these discounted cash flows. I’ve never seen him do one.”

“It takes character to sit with all that cash and to do nothing. I didn't get top where I am by going after mediocre opportunities.”

“what’s good for customers is good for shareholders.”

“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.”