You need an outstanding manager - you can define that in many ways... but you are looking for the best player out there. We are looking for the best player in this kind of business in the world.
More Quotes from Warren Buffett:
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.Warren Buffett
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Warren Buffett
A public-opinion poll is no substitute for thought.
Warren Buffett
We enjoy the process far more than the proceeds.
Warren Buffett
Value is what you get.
Warren Buffett
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Warren Buffett
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Maintaining order in the classrooms has never been easy and it is evident that the school setting requires some easing of the restrictions to which searches by public authorities are ordinarily subject.
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We grow in time to trust the future for our answers.
Ruth Benedict