I have nothing against a stock split. I did two in the Sixties, but this is really a non-event. So is the stock dividend. It’s really paper shuffling.
-
We’ve seen what happens to companies whose chief executive gets the best press. They are often the ones who end up with the least profits.
Back to top. Source: Link
-
We tried to buy good companies to start with. We don’t think there are supermen who can renovate them and transform them into wonderful, highly profitable enterprises. We can’t do it, and history shows that nobody else can do it, either.
Back to top. Source: Link
-
Our accounting is set to maximize cash flow, not reported earnings. Smoothing reported earnings just has to take a backseat.
Back to top. Source: Link
-
I do not define my job in any rigid terms but in terms of having the freedom to do what seems to me to be in the best interests of the company at any time.
Back to top. Source: Link
-
Our attitude toward cash generation and asset management came out of our own thought process. It is not copied. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow.
Back to top. Source: Link
-
I like to steer the boat each day rather than plan ahead way into the future.
Back to top. Source: Link
-
I believe in maximum flexibility, so I reserve the right to change my position on any subject when the external environment relating to any topic changes too.
Back to top. Source: Link
-
It’s good to buy a large company with fine businesses when the price is beaten down over worry about one problem.
Back to top. Source: Link
-
I don’t believe all this nonsense about market timing. Just buy very good value and when the market is ready that value will be recognized.
Back to top. Source: Link