What do you do when you’re stuck in an airport hotel, with 15 hours to kill, and no inclination to do anything immoral, illegal or unwise?
Switch on the TV and surf the waves of effluent. ‘Anywhere Idol?, No.’ ‘Al Jazeera? No.’ ‘CNBC? I’m not that desperate… And here it is, a shaft of sunlight streaming through the gloom.
Warren Buffet, Bill Gates and 300 overenthusiatic Harvard students in a Q&A session from way back in 1999. A couple of great quotes from the Omniscient Omaha’n… (Might not be a word)
- ”Strong principles will see you through the bad times and the good times – some things about business don’t change. We like to invest in great products, good management, good pricing and a strong brand…”
- ”Cash is a poor investment over time…”
- ”Instead of trying to pick the bottom (of a market), invest in good businesses today…”
Banal in the mouth of anyone else. But from him, wisdom.
Faith restored, I have a shower and ponder the above.