“One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.” PeopleWritingYearsDifferentEndsHardExampleHard WorkSittingProfitChecksConstructionCashYardsEquipmentMetrics Author:Charlie Munger
“I can make going to the dry-cleaners last an entire day, and the dry cleaners might be 150 yards from my front door. You might find it hard to believe, but I am bone-idle lazy.” BelieveI CanHardMightLastsDoorsFrontsBonesDryLazyIdleYardsCleanersHard To BelieveFront DoorsDry Cleaners Author:Noel Gallagher