Warren Buffett: Great reluctance to sell

“We really have a great reluctance to sell businesses where we like both the business and the people. So I don’t think I’d count on seeing many sales. But if you ever attend a meeting here, and there are [holdings at] 60 or 70 times earnings, keep an eye on me…. You can really hold them at extraordinary levels if you’ve got [wonderful businesses].”

—Warren Buffett (1996).