I like the idea of company-paid dividends.
If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.
Earnings can change dramatically. Usually assets change slowly.
By setting up Berkshire Hathaway, Warren has done everything very rationally.
Fear and greed tend to affect one's judgement.
Our average holding period is four years.