Warren Buffett Quote

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.


Warren Buffett on Business: Principles from the Sage of Omaha (ed. 2010)

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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to...

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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to...

Picture Quote 3

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to...

Picture Quote 4

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to...