Michael Smokevitch

59%
Flag icon
They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party.
Berkshire Hathaway Letters to Shareholders: 1965-2024
Rate this book
Clear rating
Open Preview