When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
More Quotes from Warren Buffett:
Time is the friend of the wonderful company, the enemy of the mediocre.Warren Buffett
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Warren Buffett
I buy expensive suits. They just look cheap on me.
Warren Buffett
We enjoy the process far more than the proceeds.
Warren Buffett
The investor of today does not profit from yesterday's growth.
Warren Buffett
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
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