“We basically have the attitude that you can’t make a good deal with a bad person. And…that means we just forget about it. I mean, we don’t try and protect ourselves by contracts, or getting into all kinds of due diligence. We just forget about it. We can do fine over time, dealing with people that we like, and admire, and trust. And a lot of people do get the idea, because the bad actor will tend to try and tantalize you in one way or another — and you won’t win. It just pays to avoid them. We started out with that attitude, and maybe one or two experiences have convinced us, even more so, that that’s the way to play the game.” —Warren Buffett