Pieces Quotations
Pieces Quotes from:
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Past Quotes
We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.
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Littles Quotes
What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.
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Thinking Quotes
Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so it isn't because of large holdings. It's because we have a really unusual shareholder body that thinks of itself as owners and not holders of little pieces of paper.
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Pieces Quotes
There's an easy method for finding someone when you hear them scream. First get a clean sheet of paper and a sharp pencil. Then sketch out nine rows of fourteen squares each. Then throw the piece of paper away and find whoever is screaming so you can help them. It is no time to fiddle with paper.