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"Everybody with any sense at all knows that some [teams] are better than others. If all you had to do was figure out which [teams] are better than others, even an idiot could make a lot of money."
"We're always looking an insight which gives us a big statistical advantage."
"We're always looking an insight which gives us a big statistical advantage."
"Ninety-eight percent of the time, our attitude toward the market is [that] we're agnostics. We don't know."
"It doesn't help us merely for favorable odds to exist. It takes a mispriced opportunity that we're smart enough to recognize. And that combination doesn't occur often."
"It doesn't help us merely for favorable odds to exist. It takes a mispriced opportunity that we're smart enough to recognize. And that combination doesn't occur often."
"Betting on the quality of a business is better than betting on the quality of management. If you do get an occasional opportunity to get into a wonderful business being run by a wonderful manager [and] you don't load up, it's a big mistake."
