"The problem is not that this optimistic view is wrong. By economic accounting, the optimistic view is mostly right."

"There are only two things as complicated as insurance accounting and I have no idea what they are."

"The accounts of money, supplies and provisions should then be considered. The overseer should report what wine and oi…"

"Accounting reveals the state of the business. It is a kind of thermometer of its condition and its health. One must c…"

"Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scien…"

"It’s simply to say that managers and investors alike must understand that accounting numbers are the beginning, not t…"

"Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds o…"

"The swift victory of the railway over the waterway resulted from organizational as well as technological innovation. …"

"Si inaequalibus aequalia addas, omnia erunt inequalia."

"These experiences are not 'religious' in the ordinary sense. They are natural, and can be studied naturally. They are…"