Buffett on Finance
Warren Buffett likes to use humor to make a point. Commenting on how his company controls spending, he wrote:
We cherish cost-consciousness at Berkshire. Our model is the widow who went to the local newspaper to place an obituary notice. Told there was a 25-cent-a-word charge, she requested “Fred Brown died.” She was then informed there was a seven-word minimum. “Okay,” the bereaved woman replied, “make it ‘Fred Brown died, golf clubs for sale.’”
The quote is from Warren Buffett on Business: Principles from the Sage of Omaha by Richard J. Connors (Wiley, 2009). Most of the book is from Buffett’s letters to shareholders written from 1977 to 2008. Topics include:
- Corporate culture
- Governance
- Management: people, risk, and time
- Communication
- Managing a crisis
I’m reminded of one of my favorite Buffet quotes: “There seems to be some perverse human characteristic that likes to make easy things difficult.” Especially when humans come together in an organization.
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