People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Does the business have favourable long term prospects?
Risk comes from not knowing what you're doing.
Writing a check separates a commitment from a conversation.
We don't get paid for being busy, we get paid for being right.
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.