The liabilities are always 100 percent good. It's the assets you have to worry about.
Charlie MungerI think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.
Charlie MungerWe tend to buy things - a lot of things - where we don't know exactly what will happen, but the outcome will be decent.
Charlie MungerEven in pure mathematics they can't remove all paradox, and the rest of us should also recognize we are going to have to endure a lot of paradox, like it or not.
Charlie Munger