I Don't Measure My Life By The

The Ideal Business Is One That Earns Very High Returns On Capital And That Keeps Using Lots Of Capital At Those High Returns. That Becomes A Compounding Machine.

Asking For Financial Advice From A Financial Planner Is Like Asking A Barber If You Need A Hair Cut.

The Banking Business Is No Favorite Of Ours. When Assets Are Twenty Times Equity - A Common Ratio In This Industry - Mistakes That Involve Only A Small Portion Of Assets Can Destroy A Major Portion Of Equity. And Mistakes Have Been The Rule Rather Than The Exception At Many Major Banks.

Generally, We Have Translated Greater Output In The Few Hours Of Work Per Week Over The Last Century. And That's A Good Trend Of The Future. But We Do Have To Have A System That, As Output Of Goods And Services Keeps Increasing Per Capita, That It Takes Care Of The People Who Are Willing To Work And Really Are Not Getting By Very Well With A Family On A 40-hour Week.

We Simply Attempt To Be Fearful When Others Are Greedy And To Be Greedy Only When Others Are Fearful.