Quote #59
'When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.'
More from Warren Buffett
- 'Our favourite holding period is forever.' Letter to Berkshire Hathaway shareholders, 1988
- 'Risk comes from not knowing what you're doing.'
- 'You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right-…
- 'If you don't know jewellery, know the jeweller.'
- 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.'
- 'If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.'
- 'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.'
- 'There seems to be some perverse human characteristic that likes to make easy things difficult.'