For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture [of conservatism] runs pretty deep.
Charlie MungerWell in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to do it again." And we cashier them. It would be evil not to, because terrible behavior spreads.
Charlie MungerThe harder you work, the more confidence you get. But you may be working hard on something that is false.
Charlie Munger