Quotes excerpted from Warren Buffet Speaks by Janet Lowe. The purpose of the tribute is not to lecture on the investment strategy necessary to amass wealth. Warren Buffet is a man with a very high level of integrity and an objective demeanor that allowed a vast number of investors, employees, and the economy to prosper. Buffet bets on people. He does not like to supply management himself but will often bet on only those companies that have a high level of talented human capital.
Entrepreneurs seek market niches.
Buffett seeks niches within company's within the market that have investment potential. Don't believe however, that Buffet is merely buying stocks. He invested wisely the proceeds from the companies during profitable years such that during price cutting by others to retain market share, he simply held constant the premium charges on insurance. They sold customers on the financial strength of his companies. They also wrote policies on the basis of profitability rather than volume.