Bullbear Buffett

Keep INVESTING Simple and Safe (KISS)***** Investment Philosophy, Strategy and various Valuation Methods***** Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.

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Showing posts with label Abraham Lincoln's riddle. Show all posts
Showing posts with label Abraham Lincoln's riddle. Show all posts
Friday, 16 April 2010

Buffett (1992): "How many legs does a dog have if you call his tail a leg?"

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The master has taken potshots at every accounting convention that  understates liabilities  and  overstates profits  and asks investors to ...
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