# Buffett * Author: [Roger Lowenstein](https://www.amazon.com/Roger-Lowenstein/e/B0045B3UKC/ref=dp_byline_cont_ebooks_1) * ASIN: B00DPTL2F0 * Pages: 731 pages * Publication: July 24, 2013 * Publisher: Random House; Reprint edition (July 24, 2013) * Reference: [[https://www.amazon.com/dp/B00DPTL2F0]] * [Kindle link](kindle://book?action=open&asin=B00DPTL2F0) --- What it needs is, first, reasonably good intelligence; second, sound principles of operation; third, and most important, firmness of character. — location: [3284](kindle://book?action=open&asin=B00DPTL2F0&location=3284) --- The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values. — location: [4666](kindle://book?action=open&asin=B00DPTL2F0&location=4666)good quote. the section where this comez from is very applicable to active vs passive.