Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.
I was popular at some times and not so popular at other times. But what mattered was trying to solve problems and deal with circumstances. Some of which I was able to anticipate. Some of which caught us totally by surprise.
They [terrorists] are trying to evoke sympathy for themselves. They're not sympathetic people. They're violent, cold-blooded killers who are trying to stop the advance of freedom.
I feel it's my duty as a human being, as a person who is trying - like everybody else who thinks about the state of the world - to enhance the importance of multicultural connection.
If you listen to the rhetoric, it is so over-the-top and so overheated, and most importantly, is not acknowledging the fact that there's nothing else [like guns] in our lives that we purchase where we don't try to make it a little safer if we can.
I try to turn a written thing, when I'm in trouble with it, into a spoken thing: I start imagining what I would say to someone if I were trying to tell the story or make the argument.
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.