“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”
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Risk is a part of God's game, alike for men and nations.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
