Accounting consequences do not influence our operating or capital-allocation decisions....

This is an image about 'Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition' shared in Picture Quotes category.

Image, Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition
Last updated on

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