Bikebrains
Elio Addict
Warren Buffett Quotes:
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Risk comes from not knowing what you're doing.
“We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business:
(1) favorable long-term economic characteristics;
(2) competent and honest management;
(3) purchase price attractive when measured against the yardstick of value to a private owner; and
(4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.”
