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Tuesday, May 20, 2008

Buffett Chicken Soup of the Day

Excerpted from his 2007 letter to Berkshire Hathaway Inc. shareholders:

...But if a business requires a superstar to produce great results, the business itself cannot be deemed great. A medical partnership led by your area’s premier brain surgeon may enjoy outsized and growing earnings, but that tells little about its future...

Ring any bell? Yeah, Tony & Airasia.. wa ha ha..

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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