“[Charlie and I] both have the same bend of mind whereby we think about worst cases all the time, and then we add on a big margin of safety, and we don’t want to go back to go…. So we undoubtedly build in layers of safety that others might regard as foolish, but we’ve got 600,000 shareholders and we’ve got members of my family that have 80 or 90 percent of their net worth in the company…. We are never going to risk what we have and need for what we don’t have and don’t need. We’ll still find things to do where we can make money, but we don’t have to stretch to do it.” —Warren Buffett
Links - 9/14/2020
Links - 9/14/2020
Links - 9/14/2020
“[Charlie and I] both have the same bend of mind whereby we think about worst cases all the time, and then we add on a big margin of safety, and we don’t want to go back to go…. So we undoubtedly build in layers of safety that others might regard as foolish, but we’ve got 600,000 shareholders and we’ve got members of my family that have 80 or 90 percent of their net worth in the company…. We are never going to risk what we have and need for what we don’t have and don’t need. We’ll still find things to do where we can make money, but we don’t have to stretch to do it.” —Warren Buffett