It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
Warren BuffettCharlie and I have a number of filters that things have to get through before we'll think about them.
Warren BuffettWe will reject interesting opportunities rather than over-leverage our balance sheet.
Warren BuffettIt's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
Warren BuffettYou have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map. You may find local companies that have nothing wrong with them at all. A company that I found, Western Insurance Securities, was trading for $3/share when it was earning $20/share!! I tried to buy up as much of it as possible. No one will tell you about these businesses. You have to find them.
Warren Buffett