If You Have A Great

Benign Neglect, Bordering On Sloth, Remains The Hallmark Of Our Investment Process.

Many Stock Options In The Corporate World Have Worked In Exactly That Fashion: They Have Gained In Value Simply Because Management Retained Earnings, Not Because It Did Well With The Capital In Its Hands.

It's A Nightmare To Administer Some Of This Sort Of Thing, But I Want To Tell The Shareholders Of Berkshire, To The Percent We Own Marketable Securities Or Things For Which There Are Market, Even If Those Markets - I Want To Tell Them What It's All About.

I Measure Success By How Many People Love Me. And The Best Way To Be Loved Is To Be Lo Veable.

The Most Dangerous Distractions Are The Ones You Love, But That Don’t Love You Back.