When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
I get to do what I like to do every single day of the year.
Continually challenge and be willing to amend your best loved ideas.
It's much easier to stay out of trouble now than to get out of trouble later.
It is easier to rationalize than it is to be rational.
I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.