Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.
Charlie MungerThe only intelligence investing is value investing...to acquire more than one is paying for.
Charlie MungerThe whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.
Charlie Munger