Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
I must beg you to indulge me in the matter of hyphens.... You will find that I have marked out a great many in the proofs. We arein danger of Germanizing our printing by using them so much, and I have a very decided preference in the matter.
From the early days of the telegraph, to be a telegrapher was a job, and there weren't many of those folks. They could recognize each other's style by their dots and dashes.
the search for the ultimate skyscraper goes on. ... At worst, overbuilding will make urban life unbearable. At best, we will go out in a blaze of style.