a fact, page-18

It was mere greed that got the better of this company. Funny enough, Groves in last weeks AFR in the last paragraph said it all.
The ability to control emotion and greed driven hunger was not his strong suit. The phrase keeping up with the Joneses is what Warren calls the outer scorecard and should hold no relevance to anyone. Its the inner scorecard that counts. Hard to acknowledge, YES... but the most important thing to keep in perspective.

Accumulating quality whilst letting the wolves attack the scraps, is most rewarding - in any economic climate.