The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren BuffettFund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."
Warren BuffettI just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
Warren Buffett