“We’ve found it almost useless in 60 years of investing to give advice to anybody in business…. If we thought that the success of our investment depended upon them following our advice, we’d go onto something else.” —Warren Buffett 
“We have made very little progress in life by trying to outguess these macroeconomic factors. We basically have abdicated. We’re just swimming all the …
Joe Koster
While the subject of inflation is always a hot topic in financial markets, I expect it will be even more so over the coming years as we start to see th…
Joe Koster
“The number one thing that has made us successful by far is obsessive-compulsive focus on the customer, as opposed to obsession over the competitor.” —…
Joe Koster
“There’re two things that Warren and I have done and Rick Guerin has done, too, to a considerable extent. One is that we spend a lot of time thinking. …
Joe Koster
“The CEO of any large, particularly...with a financially-related company, should be the chief risk officer. It’s not something to be delegated…. I am t…
Joe Koster
“In my view, risk is primarily the likelihood of permanent capital loss. But there’s also such a thing as opportunity risk: the likelihood of missing o…
Joe Koster
“One advantage of buying these very cyclical businesses is a lot of people don’t like them. And what difference does it make to us if the earnings aver…
Joe Koster
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