It's Better To Hang Out

I Want To Be Able To Explain My Mistakes. This Means I Do Only The Things I Completely Understand.

Basically, The Single-most Important Decision In Evaluating A Business Is Pricing Power.

Our Goal Is To Find An Outstanding Business At A Sensible Price, Not A Mediocre Business At A Bargain Price.

Can You Know You Can Have Institutions That Put Curbs On That In Various Ways, And Actually What The Banks, You Know, They Have Various Capital Ratios And That Sort Of Thing, But The Banks Got Around Them, I Mean, They Set Up Sieves And That Sort Of Thing Just To Get More Leverage. People Love Leverage When It's Working. I Mean, It's So Easy To Borrow Money From A Guy At X And Put It Out At X.

I Look At Everything. That's My Job. I Really Do, Every Day. I Think About Everything.