# Buffett ## Metadata * Author: [Roger Lowenstein](https://www.amazon.com/Roger-Lowenstein/e/B0045B3UKC/ref=dp_byline_cont_ebooks_1) * ASIN: B00DPTL2F0 * Reference: https://www.amazon.com/dp/B00DPTL2F0 * [Kindle link](kindle://book?action=open&asin=B00DPTL2F0) ## Highlights 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) ^ref-28128 --- 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) ^ref-48509 good quote. the section where this comez from is very applicable to active vs passive. ---