Warren Buffett says
“Price is what you pay. Value is what you get.”
“Warren talks about these discounted cash flows. I’ve never seen him do one.”
“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].”
“what’s good for customers is good for shareholders.”
“To invent you have to experiment, and if you know in advance that it’s going to work, it’s not an experiment.”
“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.”
“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.”
