Austin Pierce

“Buffett said he pays no attention to economic outlooks. His decisions are based simply on intrinsic business values. Interestingly,”
― Daniel Pecaut, University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting

“Munger noted that high profits on capital often rely on information inefficiencies.”
― Daniel Pecaut, University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting

“Contrary to what you may have heard from Henry Rollins or/and Ian MacKaye and/or anyone else who joined a band after working in an ice cream shop, you can't really learn much about a person based on what kind of music they happen to like. As a personality test, it doesn't work even half the time. However, there is at least one thing you can learn: The most wretched people in the word are those who tell you they like every kind of music 'except country.' People who say that are boorish and pretentious at the same time.”
― Chuck Klosterman, Sex, Drugs, and Cocoa Puffs: A Low Culture Manifesto

“Tom Murphy, CEO of Capital Cities/ABC and considered by Buffett to be the best business manager in the country, prays every day to be humble.”
― Daniel Pecaut, University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting