At Berkshire Hathaway we do not like to compete against Chinese manufacturers.
I wonโt bet $100 against house odds between now and the grave.
The definition of hell in the legal system is: endless due process and no justice; (in the corporate world) it would be: endless due diligence and no horse sense.
There's more honor in investment management than in investment banking.
In fact I've probably never seen such a wide moat.
We don't like trading agony for money