“We have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying, ‘It’s the strong swimmers who drown.’”
“You start with the accounting figures. But that’s only the start. If you try and make judgments just based on accounting figures, you will make one terrible error after another. We’ve got to understand the accounting and the implications of the accounting and understand it thoroughly and also ask a lot of intelligent questions to enable us to judge what is really going on.”
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