Home > Work > The Snowball: Warren Buffett and the Business of Life
41 " Remember one thing, Warren: Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for lunch and working every day and having a good time. So don’t worry too much about money, because it won’t make much difference in how you live. "
― Alice Schroeder , The Snowball: Warren Buffett and the Business of Life
42 " Balzac said that behind every great fortune lies a crime.1 That’s not true at Berkshire. "
43 " I had these Whitman coin boards with slots for the coins. I said to Don, ‘It looks to me like we could take these coin boards and use them as molds for casting slugs.’ “Danly was the brains of the operation. And so, sure enough, he learned how to pour these molds for casting slugs, and I supplied the coin boards. We would try to use the slugs for vending machines for soda pop and things like that. Our basic formula was to have our income in currency and our outgo in slugs. "
44 " Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless. "
45 " The Buffetts followed the trail blazed by earlier SUVs a few miles onward from the airport to the tiny town of Ketchum, near the turnoff to the Elkhorn Pass. A few miles later, they rounded Dollar Mountain, where a green oasis appeared, nestled among the brown slopes. Here amid the lacy pines and shimmering aspens lay Sun Valley, the mountains’ most fabled resort. "
46 " Praise by name, criticize by category. "
47 " As longtime friends observed, Howie was a “hell-raiser.” The inexhaustible Buffett energy poured from him in such a whirlwind that he was nicknamed the Tornado, a cousin to Warren’s childhood nickname, Firebolt—but with a very different connotation. "
48 " By the late 1960s, however, the rising market had made investing in stocks less viable. The advantage of celebrity when trying to buy entire businesses began to outweigh the benefit of secrecy in buying stocks. "