CM: “I think Berkshire is basically a very old-fashioned kind of a place, and it tries to exert discipline to stay old-fashioned. And I don’t mean old-fashioned stupid, I mean the eternal verities, so to speak: basic mathematics, basic horse sense, basic fear, basic discriminations regarding human nature; all very old-fashioned. If you just do that with a certain amount of discipline, I think it’s likely to work out quite well.”
