Older analysts know too much that is false
“(One observer commenting on security analysts over forty stated: ‘They know too many things that are no longer true.’)”
Business
The only way to slow down is to stop
“I can't help being competitive. I know I don't want to be totally occupied with out-pacing an investment rabbit all my life. The only way to slow down is to stop.”
No selling good businesses for a fancy price
“I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price.”
Selective reporting is worse than admitting boners
“Documenting one's boners is unpleasant business. I find 'selective reporting' even more distasteful.”
Not risking a record on an unfamiliar game
“I am not attuned to this market environment and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.”