If the gentleman is not serious, he will not be respected, and his learning will not be on a firm foundation. He considers loyalty and faithfulness to be fundamental, has no friends who are not like him, and when he has made mistakes, he is not afraid of correcting them.
By poeticizing love, we imagine in those we love virtues that they often do not possess; this then becomes the source of constant mistakes and constant distress.
The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.
America is the greatest country on Earth. But because of some of the mistakes that have been made, we, I think, are going to have a lot of work to do in the next administration to restore that sense that America is that shining beacon on a hill.
But race is an issue that I believe this nation cannot afford to ignore right now. We would be making the same mistake that Reverend Wright made in his offending sermons about America - to simplify and stereotype and amplify the negative to the point that it distorts reality.
Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.
He always seemed to women different from what he was, and they loved in him not himself, but the man created by their imagination, whom they had been eagerly seeking all their lives; and afterwards, when they noticed their mistake, they loved him all the same.
I actually believe that we need missile defense, because of Iran and North Korea and the potential for them to obtain or to launch nuclear weapons, but I also believe that, when we are only spending a few hundred million dollars on nuclear proliferation, then we're making a mistake.
Is enjoyment the goal of life? Were it so, it would be a tremendous mistake to become a man at all. What man can enjoy a meal with more gusto than the dog or the cat ? Go to a menagerie and see the [wild animals] tearing the flesh from the bone. Go back and become a bird! . . . What a mistake then to become a man! Vain have been my years - hundreds of years - of struggle only to become the man of sense-enjoyments.
When big-time blunders occur in any workplace, the boss or bosses usually are at fault, not clerks or secretaries or salespeople. Not reporters, the buck stops with the boss.