Buffett: The Making of an American Capitalist
We bought businesses that we thought were decent businesses at sensible prices, and we had good people to run them. But we also bought marketable securities in Berkshire. Over time, the emphasis shifted from marketable securities to buying businesses. At first we bought some stocks. Then in 1967 I bought a local insurance company for $8.7 million.
David M. Rubenstein • How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers
Amidst this wave of complexity, have we forgotten the fact that the most productive investing is the simplest investing, the most peaceable investing, the lowest-cost investing, the most tax-efficient investing—investing with the most consistent strategies and over the longest time horizon? Apparently so. And I’m afraid that the new jazzed-up itera
... See moreJohn C. Bogle • Enough: True Measures of Money, Business, and Life
14 more ideas from Buffett and Munger I don’t want to forget:
1. The one thing that has surprised me all my life is how many people with high IQs do massively stupid things.
2. Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You can't build it in one day, or one week.
3. Unfortunately, Bert... See more
In the physical world, great buildings are linked to their architect while those who had poured the concrete or installed the windows are soon forgotten. Berkshire has become a great company. Though I have long been in charge of the construction crew; Charlie should forever be credited with being the architect.