I always invest in companies an idiot could run, because one day one will.
In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
Money is not everything. Make sure you earn a lot before speaking such nonsense.
Nothing sedates rationality like large doses of effortless money.
We've got a wonderful economic formula in this country.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.