It Irritates The Hell Out Of Me

I Do Not Like Debt And Do Not Like To Invest In Companies That Have Too Much Debt, Particularly Long-term Debt. With Long-term Debt, Increases In Interest Rates Can Drastically Affect Company Profits And Make Future Cash Flows Less Predictable.

What Motivates Most Gold Purchasers Is Their Belief That The Ranks Of The Fearful Will Grow ... As 'bandwagon' Investors Join Any Party, They Create Their Own Truth - For A While.

The Typical Large Company Has A Compensation Committee, They Don't Look For Dobermans On That Committee, They Look For Chihuahuas.

An Investor Should Act As Though He Had A Lifetime Decision Card With Just Twenty Punches On It.

I Bought A Company In The Mid-90s Called Dexter Shoe And Paid $400 Million For It. And It Went To Zero. And I Gave About $400 Million Worth Of Berkshire Stock, Which Is Probably Now Worth $400 Billion. But I've Made Lots Of Dumb Decisions. That's Part Of The Game.