February 27, 201610 yr On a director's responsibility to oust likable but underperforming managers: Directors must react as did the chorus-girl bride of an 85-year-old multimillionaire when he asked whether she would love him if he lost his money. "Of course," the young beauty replied, "I would miss you, but I would still love you." (2002) On CEOs who manipulate earnings by taking restructuring charges: Their behavior brings to mind Voltaire's comment on sexual experimentation: "Once a philosopher, twice a pervert." (1998) On growth in market share (and referring to Berkshire Vice Chairman Charlie Munger): "In apparel, Fruit of the Loom increased unit sales by 10 million dozen, or 14%, with shipments of intimate apparel for women and girls growing by 31%. Charlie, who is far more knowledgeable than I am on this subject, assures me that women are not wearing more underwear. With this expert input, I can only conclude that our market share in the women's category must be growing rapidly." (2004) And many more: http://www.bloomberg.com/news/articles/2016-02-26/money-and-sex-warren-buffett-the-winking-sage-of-omaha
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