The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
More Quotes from Warren Buffett:Derivatives are financial weapons of mass destruction.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
The only time to buy these is on a day with no "y" in it.
Wide diversification is only required when investors do not understand what they are doing.
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A lot of the films I've made probably could have worked just as well 50 years ago, and that's just because I have a lot of old-fashion values.
If you feel like you're getting into a rut with a song, a night off usually fixes it.