“I try to buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.”
“Talking to Time Magazine a few years back, Peter Drucker got to the heart of things: ‘I will tell you a secret: Dealmaking beats working. Dealmaking is exciting and fun, and working is grubby. Running anything is primarily an enormous amount of grubby detail work . . . dealmaking is romantic, sexy. That’s why you have deals that make no sense.’”
ANW Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
