Warren

"As Charlie Munger said of Singleton’s investment approach, “Like Warren and me, he was comfortable with concentration and bought only a few things that he understood well.”"

"I read it in an hour, and of course I loved it beyond love. I said, “We’ll do it!” He and I made the deal on the phone in five minutes, but I thought, *It’s never going to happen; he’ll go back to Warners because it isn’t officially in “turnaround,”* meaning the studio hadn’t legally let it go. I was fairly certain Warren would never accept a formal, signed piece of paper that said he and his film were being rejected."

"Using the test of time, *Reds* is one of those films that will be remembered forever as a great work of art. And Warren is one of my closest friends to this day. I will always treasure the “Pro” (the perfect nickname Jack Nicholson had for Warren)."

"Eventually, I had no choice: I had to tell Warren that this production had to come under some kind of discipline and control. We had awful fights about it over the phone at what would be the end of his day and the beginning of mine. He wanted to do what he wanted to do, and I kept saying, “We can’t.” It was a classic out-of-control movie, and I was unable to get it back under control. I was frustrated, and I took my frustration out on the only person I could, which was Warren, and he did the same with me."

"It reminded me of an old joke that Warren likes to tell: “How do you beat Bobby Fisher?” Answer: “Play him at anything other than chess.”"

"There’s a great lesson in this for me: if Warren can take the time to act like this with students (not to mention with investors like me), then I too need to act with real kindness toward the students I meet at business schools, and I should also respond encouragingly to every young graduate who sends me a résumé."

"According to Warren, temperament is more important than IQ when it comes to investing."