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— Muriel Siebert"I think in a couple of weeks, the question of all these bad write-offs will be behind us because everybody is going to throw in the towel on bad accounting."
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I think about photographs as being full, or empty. You picture something in a frame and it's got lots of accounting going on in it-stones and buildings and trees and air - but that's not what fills up a frame. You fill up the frame with feelings, energy, discovery, and risk, and leave room enough for someone else to get in there.
— Joel Meyerowitz
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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
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