"In terms of generally advancing within organizations, I think you’d be surprised at how little competition you really  have if you st...

"Our approach is really to try and learn vicariously. But there’s a lot of mistakes that I’ve repeated, I can tell you that. The bigge...

"Another thing to avoid is extremely intense ideology because it cabbages up one's mind. You see a lot of it in the worst of the T...

"I would say that I like a certain amount of social intervention that takes some of the inequality out of results in capitalism. But I...

"Wealth is not his that has it, but his that enjoys it." --Benjamin Franklin Jeff Bezos’s Master Plan ( LINK ) Fall 2019 iss...

"The inflow of money and outflow of money should not be, in our view, attempted to be matched too carefully in this world, because you...

"The whole secret of investment is to find places where it’s safe and wise to non-diversify. It’s just that simple. Diversification is...

"You’ve got to remember that it’s the nature of things that most small businesses will never be big businesses. It’s also in the natur...

"No person has the power to have everything they want, but it is in their power not to want what they don’t have, and to cheerfully pu...

"The job of the board of directors is to have the right CEO. I mean, if you’ve got the right CEO, 90 percent of it takes care of itsel...

I may have posted this before, but since I saw it making the rounds again, and in case anyone hasn't seen it..... large Berkshire/Buffe...

"At Oaktree we say, 'Well bought is half sold.' By this we mean we don’t spend a lot of time thinking about what price we’re g...

"Most powerful is he who has himself in his own power." --Seneca A Few Gentle Thoughts on Journalism - by Jason Zweig ( LINK )...

"Volatility is not a measure of risk.... Risk comes from the nature of certain kinds of businesses. It can be risky to be in some busi...

"When you’re trying to determine something like intrinsic value and margin of safety and so on, there’s no one easy method that could ...

"You don’t get paid for what’s already happened. You only get paid for what’s going to happen in the future. The past is only useful t...

"The nature of the private equity activity is such that it really isn’t a bubble that bursts. Because if you’re running a large privat...

David Sackler Pleads His Case on the Opioid Epidemic - by Bethany McLean ( LINK ) The Future Isn’t What It Used to Be ($) [H/T @BrentBesho...

"We don’t play big trends. We don’t think about demographic trends or anything of the sort.... Big trends, they just don’t mean that m...

"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped fo...