Warren Buffett: Simpatico

“If you really think you’re in with people that have got a good business, but they’re going to keep doing dumb things with your money, you’ll probably do better to get out and get in with people who’ve got a good business and you think they’re going to do sensible things with it…. As a matter of investment technique, and maybe as a matter of…avoiding stress in your life…I would say that it’s better to be in with a management you’re simpatico with, than simply to be in a great business with a management that’s bent on doing things that don’t make much sense to you.”

—Warren Buffett. 

Advertisements