Trust Is Like The Air We Breathe--when

You Pay A Very High Price In The Stock Market For A Cheery Consensus.

Diversification Is Protection Against Ignorance. It Makes Little Sense If You Know What You Are Doing.

This Economy Doesn't Work Well Without The Lubrication Of Credit And Trust.

Accounting Consequences Do Not Influence Our Operating Or Capital-allocation Decisions. When Acquisition Costs Are Similar, We Much Prefer To Purchase $2 Of Earnings That Is Not Reportable By Us Under Standard Accounting Principles Than To Purchase $1 Of Earnings That Is Reportable.

People Always Ask Me Where They Should Go To Work, And I Always Tell Them To Go To Work For Whom They Admire The Most.