A Quote by Warren Buffett

The extraordinary business does not require good management. — © Warren Buffett
The extraordinary business does not require good management.
Achievement does not require extraordinary ability. Achievement comes from ordinary abilities applied with extraordinary persistence.
I believe that the extraordinary should be pursued. But extraordinary claims require extraordinary evidence.
In our experience, what we have found is the rare commodity is a good management team. And good management teams manage through good and bad cycles and manage to grow their business over a long period of time.
Management of outcomes may not be any more than a skill. It does not require knowledge.
The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.
What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business.
Extraordinary observations require extraordinary evidence to make them believable.
For years I've been stressing with regard to UFOs that extraordinary claims require extraordinary evidence.
It doesn't require expropriation or confiscation of private property or business to impose socialism on a people. What does it mean whether you hold the deed or the title to your business or property if the government holds the power of life and death over that business or property?
Extraordinary claims require extraordinary evidence, and it is my job, my responsibility, as an astronomer to remind people that alien hypotheses should always be a last resort.
Extraordinary observations require extraordinary evidence.
Extraordinary allegations require extraordinary evidence.
All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.
When all is said and done, what must be remembered is a newspaper is a business. It used to be a fabulous business that made extraordinary margins. It's now a very good business with appropriate margins.
Democracy does not require perfect equality, but it does require that citizens share in a common life.
Management teams aren't good at asking questions. In business school, we train them to be good at giving answers.
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