Lessons Learned: Buffett disciples soak up all things Berkshire

May 14, 2005

"Buffett doesn't pay much attention to quarterly results or net income figures. Most of Berkshire's growth is keyed to the value of the companies it owns. Instead, he and Munger continue to struggle with how best to use the $44 billion mountain of retained earnings and cash needed to backstop its insurance underwriting. "We have more money than brains," Buffett said."

http://www.journalstar.com/articles/2005/05/14/business/doc4285194f8cbd8817113053.txt

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