We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.
You couldn't advance in a finance department in this country unless you thought that the world was flat.
Finance Departments are Notoriously Unimaginative and not Forward-Looking.
Thank God I have a financial planner who is really conservative.
We've not had one Republican president in 34 years balance the budget. You can't trust right-wing Republicans with your money. You ought to hire somebody who has balanced a budget. I'm much more conservative with money than George Bush is.
My wife and I invest very, very conservatively.
Diversification is an established tenet of conservative investment.
I'm a very safe saver. I save everything. I save all my money and my parents raised me like that.
Our philosophy has been to be fiscally conservative, so we can be operationally aggressive. We're not using borrowed money to grow. So we'll put up a store just to get there before the competition. If it doesn't work, we'll close it and lose a little equity. It won't kill us.
My family wasn't rich, so when it comes to money, I tend to think, 'Err on the side of caution.'
Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
A faithfully kept program of savings and conservative investments can give you more money and a better life than that of your neighbors who spend everything they get. This is probably the oldest financial advice in the world, but there are some things you can't improve on.
If some modern-day David Brock wanted to defect from the conservative movement and write a tell-all focused solely on the financial chicanery of the entire right-wing nonprofit/think tank/publishing sphere, I would read the absolute heck out of it.
My reputation is as a fiscal hawk. At least, I hope that it is.
Edelman maintains a very conservative balance sheet. We do small acquisitions. This helps me sleep well at night.
I'm a conservative businesswoman in a way because I try not to invest too much to the point that if things go bad, I'd lose a lot.
Our business is to have great credit and to use it little.
I certainly think you could look at the business side of how WWE was run, which was as a conservative company with little debt and strong cash balance.
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.