Thereโs class warfare, all right, but itโs my class, the rich class, thatโs making war, and weโre winning.
Warren BuffettThere's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
Warren BuffettThe optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.
Warren Buffett