"Well, it may be all right in..." - Quote by Warren Buffett

“The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.”

“Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.”

“We look for things I can understand. A lot of businesses I don't understand.”

“Reality is infinitely diverse, compared with even the subtlest conclusions of abstract thought, and does not allow of clear-cut and sweeping distinctions. Reality resists classification.”

“It was the Law of the Sea, they said. Civilization ends at the waterline. Beyond that, we all enter the food chain, and not always right at the top.”

“No, this is not a good town for psychedelic drugs. Reality itself is too twisted.”

“He who loves practice without theory is like the sailor who boards ship without a rudder and compass and never knows where he may cast.”

“Philosophy, certainly, is some account of truths the fragments and very insignificant parts of which man will practice in this workshop; truths infinite and in harmony with infinity, in respect to which the very objects and ends of the so-called practical philosopher will be mere propositions, like the rest.”

“Theories are usually the over-hasty efforts of an impatient understanding that would gladly be rid of phenomena, and so puts in their place pictures, notions, nay, often mere words.”