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Good big decisions do not take time at all, if they do you are in trouble.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Decisions
Trouble
Decision
Bigs
Take
Good
Time
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It makes a difference who the treasury secretary is.
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First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
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On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.
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I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.
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I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
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Valuing a business is part art and part science.
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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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