Cameron’s Reviews > The Warren Buffett Way: Investment Strategies of the World's Greatest Investor > Status Update

Page 88 “To measure a company’s annual performance, Buffett prefers return on equity - the ratio of operating earnings to shareholder’s equity.” (As opposed to earnings per share)

Page 57 “Because we are a wealthy country, this trade deficit can go unnoticedfor some time, but eventually these claim checks will be exchanged for our assets (golf courses and hotels) and our manufacturing facilities.”

Page 52 “We simply attempt,” he explained, “to be fearful when others are greedy and to be greedy only when others are fearful.”

Page 50 “Despite superior abilities in mathematics, finance, and accounting, individuals who could not master their emotions were ill suited to profit from the investment process.”

Page 48 “‘It is not enough to have good intelligence,’ wrote Descartes, ‘the principle thing is to apply it well.’”

Page 5 “Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground,” he explained, “is the only position that leaves me comfortable.”