Quote of the Day

"It's probably true that hard work never killed anyone, but why take the chance?" - Ronald Reagan

Notes:

• Buffett on how the management of large organizations is extremely hard work, which is why he has taken the "easy route": just sitting back and working through great managers who run their own shows. "My only task is to cheer them on, sculpt and harden our corporate culture, and make major capital-allocation decisions."