Our clients have no intention of remaking any of the money entrusted to our care. Accordingly, we resist the temptation to try to prove our cleverness by taking heedless risks with their money.
November 21, 2017 People make money, things don’t. That’s why it is essential for us to know the character and capability of a company’s management before we invest in its stock. November 21, 2017 The core of our strategy is stock selection. The unpardonable mistake for us is to own shares in bad businesses.