Warren Buffett Quotes:
Ocupation: Investor
Life: b. August 30, 1930
Birthday: August 30
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
source: Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.193, John Wiley & Sons
topic: Decision, Investing, Earning, Allocation
