Quote

You have to ask what is going to happen to a lot of companies when there is not a lot more money to be gotten. That changes everybody's perspective, I think.

In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.

If a few companies were less greedy, the people at the bottom woud have a lot more.

You can't run a company simply by the numbers. So if you're going to bet on someone, you bet on someone you want to be in business with for a long time.

I think that a lot of companies are still amazingly price sensitive.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

There's a lot of companies that profit from a weak dollar.

Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.

Be true to yourself, and, um, don't worry about some large companies' quarterly profit index.

Some companies are worth paying for up front.