Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.
Warren BuffettWhen we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
Warren BuffettThere seems to be some perverse human characteristic that likes to make easy things difficult.
Warren BuffettI look at everything. That's my job. I really do, every day. I think about everything.
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