Quote Origin: Look for Three Qualities: Integrity, Intelligence and Energy. And If They Don’t Have the First, the Other Two Will Kill You

Warren Buffett? Anonymous? Apocryphal?

Question for Quote Investigator: Famous U.S. investor Warren Buffett once described the three traits he looked for in new employees. A worker should have integrity, intelligence, and energy. Apparently, Buffett believed that the first trait was crucial because its absence would cause the other two traits to kill a business. Would you please help me to find the phrasing used by Buffett together with a precise citation?

Reply from Quote Investigator: In 1993 Warren Buffett spoke to  graduate students at the Business School of Columbia University in New York City. Excerpts from his remarks were published in the “Omaha World-Herald” of Nebraska in January 1994.  Boldface added to excerpts by QI:[1]1994 January 2, Omaha World-Herald, Section: Business, Billionaire Talks Strategy With Students Columbia University Group Hears From Famous Alumnus Berkshire Hathaway by Jim Rasmussen (Herald Staff … Continue reading

Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence and energy. And if they don’t have the first, the other two will kill you.

You think about it, it’s true. If you hire somebody without the first, you really want them dumb and lazy. (Laughter)

Pick the kind of person to work for you that you want to marry your son or daughter. You won’t go wrong.

Interestingly, Warren Buffett popularized this saying; however, he disclaimed credit. Thus, the originator remains anonymous.

Additional details and citations are available in the article on the Medium platform which is located here.

Image Notes: Illustration of a puzzle piece that fits nicely into a slot from AbsolutVision at Pixabay.

Acknowledgement: Great thanks to Jane Bella who encountered a tweet containing a similar remark using the word honesty instead of integrity. Bella began exploring the provenance of the statement, and she found the remark ascribed to Warren Buffett. Next, she contacted QI to learn more about the saying.

References

References
1 1994 January 2, Omaha World-Herald, Section: Business, Billionaire Talks Strategy With Students Columbia University Group Hears From Famous Alumnus Berkshire Hathaway by Jim Rasmussen (Herald Staff Writer), Quote Page 17S, Omaha, Nebraska. (NewsBank Access World News)

Don’t Cut Your Flowers and Water Your Weeds

Warren Buffett? Peter Lynch? Allan R. Stuart? Anonymous?

Question for Quote Investigator: When a stock in your portfolio goes up it is tempting to sell it and lock in profits. Also, when a stock is languishing it is natural to hold on to it with the hope that someday it will ascend. However, a vivid metaphorical adage says this is foolish behavior. Here are four versions:

(1) Don’t pull your flowers and water your weeds.
(2) You shouldn’t cut your flowers and water your weeds.
(3) Be careful you don’t pick your flowers and water your weeds.
(4) Don’t garden by digging up the flowers and watering the weeds.

This saying has been attributed to super-investor Warren Buffett and successful fund manager Peter Lynch. Would you please explore this topic?

Reply from Quote Investigator: In 1989 Peter Lynch with John Rothchild published “One Up On Wall Street: How To Use What You Already Know to Make Money in the Market”. The book warned against flawed investment strategies. Boldface added to excerpts by QI:[1]1989, One Up On Wall Street: How To Use What You Already Know to Make Money in the Market Peter Lynch with John Rothchild, Chapter 16: Designing a Portfolio, Quote Page 245, Simon and Schuster, New … Continue reading

Some people automatically sell the “winners”—stocks that go up—and hold on to their “losers”—stocks that go down—which is about as sensible as pulling out the flowers and watering the weeds. Others automatically sell their losers and hold on to their winners, which doesn’t work out much better. Both strategies fail because they’re tied to the current movement of the stock price as an indicator of the company’s fundamental value.

QI believes that the modern versions of this adage evolved from Lynch’s statement.

Below are additional selected citations in chronological order.

Continue reading Don’t Cut Your Flowers and Water Your Weeds

References

References
1 1989, One Up On Wall Street: How To Use What You Already Know to Make Money in the Market Peter Lynch with John Rothchild, Chapter 16: Designing a Portfolio, Quote Page 245, Simon and Schuster, New York. (Verified with scans)

Bitcoin: It’s Probably Rat Poison Squared

Warren Buffett? Charlie Munger? Liz Claman? Becky Quick? Mark Cuban? Apocryphal?

Dear Quote Investigator: The value of bitcoin has fluctuated dramatically. Extreme language has been used to either praise or vilify this prominent digital currency. The superinvestors Warren Buffett and Charlie Munger have made harsh pronouncements. Apparently, Munger said bitcoin was rat poison, and Buffett went further and said it was rat poison squared. Would you please help me to find citations?

Quote Investigator: Berkshire Hathaway Chairman Warren Buffett and Vice Chairman Charlie Munger have employed a sequence of hostile colorful expressions to decry bitcoin. In May 2013 Fox Business journalist Liz Claman conducted a joint interview with Charlie Munger, Warren Buffett, and Bill Gates. During the interview Munger described bitcoin as rat poison. Boldface added to excerpts by QI:[1]Fox Business Video Clip, Video title: Munger/Buffett Disagree on Corporate Tax Rates, Video release date: May 6, 2013, Description of video: Interview conducted by Liz Claman of Warren Buffett, … Continue reading

Liz Claman: I just had to get your thought on Bitcoin, this… this… this digital currency that’s out there that people say, oh it might be the next big thing. What do you think?

Charlie Munger: I think it’s rat poison.
(Laughter)

Warren Buffet: Put him down as undecided.
(Laughter)

Below are additional selected citations in chronological order.

Continue reading Bitcoin: It’s Probably Rat Poison Squared

References

References
1 Fox Business Video Clip, Video title: Munger/Buffett Disagree on Corporate Tax Rates, Video release date: May 6, 2013, Description of video: Interview conducted by Liz Claman of Warren Buffett, Charlie Munger, and Bill Gates, Note: Text below has been transcribed from the video by QI, News source information: Fox Business is a business and financial news company based in the U.S. (Video accessed at video.foxbusiness.com on February 11, 2021) link

Blessed Are Those Who Plant Trees Under Whose Shade They Will Never Sit

Greek Proverb? Indian Proverb? Marcus Tullius Cicero? Joycelyn Elders? Warren Buffett? Hyacinthe Loyson? M. Trottier?

Dear Quote Investigator: A popular adage praises people whose selfless actions are designed to benefit future generations. Here are two versions:

  1. Blessed are old people who plant trees knowing that they shall never sit in the shade of their foliage.
  2. Those who plant trees, knowing that only others will enjoy the shade, are public benefactors.

Would you please explore the provenance of this saying?

Quote Investigator: The earliest match known to QI appeared in a sermon by French theologian Hyacinthe Loyson delivered in Paris in 1866. Boldface added to excerpts by QI:[1]1868, La Famille: Compte Rendu des Conférences de Notre-Dame, Prèchées par Le R. P. Hyacinthe (Hyacinthe Loyson), Avent 1866, Quatrième Conférence, Date: 25 Décembre 1866, Title: De la … Continue reading

Ces arbres qu’il plante et à l’ombre desquels il ne s’assoira pas, il les aime pour eux-mêmes et pour ses enfants, et pour les enfants de ses enfants, sur qui s’étendront leurs rameaux.

The sermon was translated into English and published in 1870. Hyacinthe Loyson approvingly described the actions of the proto-farmer:[2]1870, The Family and the Church: Advent Conferences of Notre-Dame, Paris, 1866-7, 1868-9, Reverend Father Hyacinthe (Late Superior of the Barefoot Carmelites of Paris), Edited by Leonard Woolsey … Continue reading

These trees which he plants, and under whose shade he shall never sit, he loves them for themselves, and for the sake of his children and his children’s children, who are to sit beneath the shadow of their spreading boughs.

The above prolix passage did not directly state that the planter was blessed. A closer match to the adage under scrutiny appeared in “The Pall Mall Gazette” of London in 1868 within an article titled “Australian Trees and Algerian Deserts”. The article presented a compact saying described as an Indian proverb; hence, the attribution was anonymous. Interestingly, the source text was a French article published in 1868 by M. Trotter:[3]1868 May 16, The Pall Mall Gazette, Australian Trees and Algerian Deserts, (Acknowledgement to “Notes sur l’Eucalyptus et subsidiairement sur la nécessité du reboisement … Continue reading

The Eucalyptus globulus at fifteen years of age is as valuable as an oak tree of one hundred years. One seed planted near Algiers four years ago is now a tree three feet in circumference at the base. The man who plants the hills of Africa with these trees, though he is no less blessed, does not require the faith spoken of in the Indian proverb, “Blessed is he who plants trees under whose shade he will never sit.”

QI believes that The adage evolved over a long period. Below are additional selected citations in chronological order.

Continue reading Blessed Are Those Who Plant Trees Under Whose Shade They Will Never Sit

References

References
1 1868, La Famille: Compte Rendu des Conférences de Notre-Dame, Prèchées par Le R. P. Hyacinthe (Hyacinthe Loyson), Avent 1866, Quatrième Conférence, Date: 25 Décembre 1866, Title: De la Paternité, Start Page 68, Quote Page 77, Publisher: Joseph Albanel, Paris, France. (Google Books Full View) link
2 1870, The Family and the Church: Advent Conferences of Notre-Dame, Paris, 1866-7, 1868-9, Reverend Father Hyacinthe (Late Superior of the Barefoot Carmelites of Paris), Edited by Leonard Woolsey Bacon, Lecture Fourth, December 23, 1866, Fatherhood, Start Page 106, Quote Page 113, G. P. Putnam & Son, New York, (Google Books Full View) link
3 1868 May 16, The Pall Mall Gazette, Australian Trees and Algerian Deserts, (Acknowledgement to “Notes sur l’Eucalyptus et subsidiairement sur la nécessité du reboisement l’Algérie.” Par M. Trottier. (Alger. 1868.)), Quote Page 11, Column 2, London, England (British Newspaper Archive and Newspapers_com)

In the Short-Run, the Market Is a Voting Machine, But in the Long-Run, the Market Is a Weighing Machine

Benjamin Graham? Warren Buffett? Ronald A. McEachern? Ben Bidwell? John C. Bogle? Apocryphal?

Dear Quote Investigator: A brilliant metaphorical framework for understanding the stock market can be summarized with the following cogent remark:

In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine.

Each purchase and sale of a security impinges on its perceived value. These transactions are similar to votes which increase or decrease the stock price. Transitory news and emotions may influence the price in the short run; however, in the long run, the stream of earnings or losses of a company cannot be ignored. Clarity regarding the fundamentals of a business emerges over time, and the market begins to properly weigh its value.

The pithy statement above has been credited to the famous value investor Benjamin Graham and to his well-known acolyte Warren Buffett. Unfortunately, I have been unable to find a solid citation. Would you please explore this topic?

Quote Investigator: The primary elements of this metaphorical framework were presented in the 1934 book “Security Analysis” by Benjamin Graham and David Dodd. But the precise remark above did not appear in the book.

The earliest close match located by QI was communicated by Warren Buffett during an interview in 1973. QI believes Buffett deserves credit for this saying although he was largely refining the insights presented by Graham and Dodd.

Below are selected citations in chronological order.

Continue reading In the Short-Run, the Market Is a Voting Machine, But in the Long-Run, the Market Is a Weighing Machine

You Will Continue To Suffer If You Have an Emotional Reaction To Everything

Warren Buffett? Bruce Lee? Cindy Flores? Sylvester McNutt III? Anonymous?

Dear Quote Investigator: A paragraph of advice about maintaining equanimity is popular on social media. Here is the first sentence:

You will continue to suffer if you have an emotional reaction to everything that is said to you.

These words have been attributed to the influential martial artist Bruce Lee and the famous investor Warren Buffett. What do you think?

Quote Investigator: QI has found no substantive evidence that this passage has been spoken or written by Bruce Lee or Warren Buffett. It is very difficult to trace because it has been shared via several social media platforms. The search engines for social media platforms are typically defective or non-existent. In addition, messages are sometimes undated.

The earliest match (with a solid date) located by QI appeared in two tweets from Cindy Flores:

Twitter handle: @cfloorrrr link
Timestamp: 12:56 AM · Mar 24, 2016
You will continue to suffer if you have an emotional reaction to everything that is said to you, true power is observing everything w logic

Twitter handle: @cfloorrrr link
Timestamp: 12:57 AM · Mar 24, 2016
@cfloorrrr true power is restraint. If words control you that means everyone else can control you, breathe and allow things to pass.

The tweets did not attribute the remark to anyone; hence, Cindy Flores might be the creator. Yet, it is possible that the words were relayed from an earlier message on social media. Based on current evidence QI would label the text anonymous.

Below are additional selected citations in chronological order.

Continue reading You Will Continue To Suffer If You Have an Emotional Reaction To Everything

Read 500 Pages Like This Every Day. That’s How Knowledge Works. It Builds Up, Like Compound Interest

Warren Buffett? Todd Combs? Apocryphal?

Dear Quote Investigator: Warren Buffett is one of the wealthiest individuals in the history of the world. His lengthy record of successful investing is remarkable. Apparently, he was once asked for guidance and offered this suggestion:

Read five-hundred pages every day.

I haven’t been able to find a citation. Would you please help?

Quote Investigator: Warren Buffett serves as chairman and chief executive of Berkshire Hathaway. In 2010 Buffett hired hedge fund manager Todd Combs to join the conglomerate as an investment manager.

Many years before that event, Combs was a student at Columbia University. He first saw Buffett during an investing class according to an article in the “Omaha World-Herald”. Emphasis added to excerpts by QI:[1]2013 April 28, Omaha World-Herald, Investors earn handsome paychecks by handling Buffett’s business by Steve Jordon (World-Herald Staff Writer), Omaha, Nebraska. (Accessed October 12, 2018; … Continue reading

Combs didn’t meet Buffett that day but says, “I still remember it like it was yesterday.”

One of the students asked what he could do now to prepare for an investing career. Buffett thought for a few seconds and then reached for the stack of reports, trade publications and other papers he had brought with him.

“Read 500 pages like this every day,” said Buffett, or words to that effect. “That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”

The article stated that Combs heeded the advice, and at the start of his investing career he would sometimes read “600, 750, even 1,000 pages a day”. Combs believed that the knowledge he gained helped him to succeed.

The veracity of the Buffett attributed quotation is based on the memory of Todd Combs who enrolled at the Columbia Business School in 2000. In his second year he was accepted into the exclusive Value Investment Program.[2] 2010 December, AiCIO (Trade Journal), Who Is This Man?, Publisher: Asset International, Inc., Place of publication: Stamford. (ProQuest ABI/INFORM Collection) The piece in the “Omaha World-Herald” appeared in 2013.

Below are additional selected citations in chronological order.

Continue reading Read 500 Pages Like This Every Day. That’s How Knowledge Works. It Builds Up, Like Compound Interest

References

References
1 2013 April 28, Omaha World-Herald, Investors earn handsome paychecks by handling Buffett’s business by Steve Jordon (World-Herald Staff Writer), Omaha, Nebraska. (Accessed October 12, 2018; website omaha.com) link
2 2010 December, AiCIO (Trade Journal), Who Is This Man?, Publisher: Asset International, Inc., Place of publication: Stamford. (ProQuest ABI/INFORM Collection)

Risk Comes from Not Knowing What You’re Doing

Warren Buffett? Jim Rasmussen? Apocryphal?

Dear Quote Investigator: The investment record of Warren Buffett has been astonishingly successful. His reputation for sagacity means that his tongue can transform a prosaic remark into an adage of wry plainspoken wisdom such as the following:

Risk comes from not knowing what you’re going.

I have seen low quality citations in secondary sources from the 2010s. Can you help me to find a good citation for this comment?

Quote Investigator: In 1993 Warren Buffett spoke to graduate students at Columbia University’s Business School in New York City. Reporter Jim Rasmussen wrote about the event in January 1994 in the “Omaha World-Herald” of Nebraska.

A student asked Buffett how he evaluated investments and risk, and Buffett used the Washington Post Company as an example of a safe investment circa 1973. He stated that the company’s market value at that time was underestimated because it was substantially lower than the value of the properties it owned. Emphasis added to excerpts by QI:[1]1994 January 2, Omaha World-Herald, Section: Business, Billionaire Talks Strategy With Students Columbia University Group Hears From Famous Alumnus Berkshire Hathaway by Jim Rasmussen (Herald Staff … Continue reading

And it was being run by honest and able people who all had a significant part of their net worth in the business. It was ungodly safe. It wouldn’t have bothered me to put my whole net worth in it. Not in the least.

Risk comes from not knowing what you’re doing.

Interestingly, “The Washington Post” and other newspaper and media organizations have become riskier assets in modern times because of internet induced turmoil. Amazon leader Jeff Bezos purchased the paper in 2013.

Here are additional selected citations in chronological order.

Continue reading Risk Comes from Not Knowing What You’re Doing

References

References
1 1994 January 2, Omaha World-Herald, Section: Business, Billionaire Talks Strategy With Students Columbia University Group Hears From Famous Alumnus Berkshire Hathaway by Jim Rasmussen (Herald Staff Writer), Quote Page 17S, Omaha, Nebraska. (The article text in the database misspelled “knowing” as “knowning”) (NewsBank Access World News)

The Chains of Habit Are Too Light To Be Felt Until They Are Too Heavy To Be Broken

Warren Buffett? Samuel Johnson? Maria Edgeworth? Bertrand Russell? Anonymous?

Dear Quote Investigator: I recall seeing a lecture by the famed investor Warren Buffett during which he cautioned his audience to avoid falling into self-destructive behavior patterns. He used this eloquent analysis:

The chains of habit are too light to be felt until they are too heavy to be broken.

While searching for a source I found some other versions of the statement. Here are two that are credited to the brilliant dictionary-maker Samuel Johnson:

The chains of habit are too weak to be felt until they are too strong to be broken

The diminutive chains of habit are seldom heavy enough to be felt until they are too strong to be broken.

I was unable to find a precise citation to Dr. Johnson’s works. Could you examine this adage?

Quote Investigator: Investor Warren Buffett did use this phrase more than once during speeches, but he did not claim credit for originating the saying. Detailed citations are given further below.

The expression has a long history, and the famous lexicographer and man of letters Samuel Johnson did write a prolix passage that was transformed and simplified in an evolutionary process that ultimately produced the concise modern aphorism used by Buffett.

In 1748 Johnson published an allegorical fable about the path to the Temple of Happiness titled “The Vision of Theodore”. The story warned readers using a symbolic figure named Habit who would bind the unwary in chains. A bound individual would be taken to a grim destination called the caverns of Despair. The following excerpt displayed a conceptual match to the modern saying. In addition, Johnson used the phrase “too strong to be broken” which was retained in some modern instances. Boldface has been added below:[1]1748 April, The Gentleman’s Magazine, Volume 18, “The Vision of Theodore, The Hermit of Teneriffe, Found in His Cell” (by Samuel Johnson), Start Page 159, Quote Page 160, Printed by … Continue reading

It was the peculiar artifice of Habit not to suffer her power to be felt at first. Those whom she led, she had the address of appearing only to attend, but was continually doubling her chains upon her companions; which were so slender in themselves, and so silently fastened, that while the attention was engaged by other objects, they were not easily perceived. Each link grew tighter as it had been longer worn, and when, by continual additions, they became so heavy as to be felt, they were very frequently too strong to be broken.

In the early 1800s an influential Irish writer named Maria Edgeworth crafted a compact version of the sentiment expressed by Samuel Johnson. Her book “Moral Tales for Young People” (second edition 1806) included a story called “Forester”, and in one scene the title character picked up a pair of scissors and twirled them on his finger absentmindedly. The character believed that this habit was undesirable:[2] 1806, Moral Tales For Young People by Miss Edgeworth (Maria Edgeworth), Volume 1, Second Edition, Forester, Quote Page 86, Printed for J. Johnson, London. (Google Books full view) link

He was rather ashamed to perceive that he had not yet cured himself of such a silly habit. “I thought the lesson I got at the brewery,” said he, “would have cured me for ever of this foolish trick; but the diminutive chains of habit, as somebody says, are scarcely ever heavy enough to be felt, till they are too strong to be broken.

Maria Edgeworth placed a footnote asterisk after the phrase “chains of habit”, and in the footnote she referenced “Dr. Johnson’s Vision of Theodore.” Edgeworth’s concise summary statement was clearly derived from Johnson’s story, but her expression was distinctive and did not appear directly in the fable’s text. Her forthright acknowledgement of Johnson probably facilitated some later confusion.

Here are additional selected citations in chronological order.

Continue reading The Chains of Habit Are Too Light To Be Felt Until They Are Too Heavy To Be Broken

References

References
1 1748 April, The Gentleman’s Magazine, Volume 18, “The Vision of Theodore, The Hermit of Teneriffe, Found in His Cell” (by Samuel Johnson), Start Page 159, Quote Page 160, Printed by E. Cave, St John’s Gate, London. (Google Books full view) link
2 1806, Moral Tales For Young People by Miss Edgeworth (Maria Edgeworth), Volume 1, Second Edition, Forester, Quote Page 86, Printed for J. Johnson, London. (Google Books full view) link

Gold Gets Dug Out of the Ground; Then We Melt It Down, Dig Another Hole, Bury It Again

Warren Buffett? Frank Fellinger? Apocryphal? Anonymous?

Dear Quote Investigator: The funniest and most perceptive comment about the precious metal gold is attributed to the super-investor Warren Buffett:

Gold gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Did Buffett really say this?

Quote Investigator: The earliest evidence known to QI of this quotation in a major newspaper was printed in The Times of London in July 2003:[1] 2003 July 21, The Times (UK), Section: Business, “Demand for global listing helps to put new gloss on gold”, Quote Page 21, London, England. (NewsBank Access World News)

Warren Buffett, the renowned investor, famously dismissed gold in a speech given at Harvard in 1998. He said: “It gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

The five year gap between 1998 and 2003 weakens the probative value of this citation. QI has not yet located a transcript of the supposed 1998 speech. A statement from Buffett himself on this topic would be desirable.

So, QI reached out to the accomplished financial journalist Jason Zweig of the Wall Street Journal who contacted the personal assistant of Warren Buffett with an enquiry about the quotation. The assistant conferred with Buffett and sent the following reply:[2] Personal communication via email from Jason Zweig to Garson O’Toole dated May 21, 2013. The message contained the forwarded message from Debbie Bosanek, Assistant to Warren Buffett.

I double-checked this with Warren. He never writes out prepared speeches. But he has said things like this in the past.

This statement supported the attribution and corroborated multiple citations that name Buffett as originator of the expression; however, the answer was still not definitive. A cite with a date closer to 1998 giving more details of the speech would be welcomed by QI.

Pronouncements about gold and silver that conform to this theme have a very long history. In 1877 a newspaper in Galveston, Texas wrote about the “The Monetary Problem” using similar vocabulary and tropes. Remarkably, this passage from more than 135 years ago also included a puzzled alien creature:[3] 1877 August 9, Galveston Daily News, The Monetary Problem, Page unnumbered (final page), Column 5, Galveston, Texas. (NewspaperArchive)

Look at the actual history of our metallic money; see at what great cost we procure it from its ores, coin it, pass it from hand to hand, finally to bury it again in the vault of some bank. The dust of centuries rests upon coin laid away in the Bank of England. A hundred millions are now buried under the Treasury building in Washington, and probably ever will be together with much more, for should the government ever accumulate enough to offer to redeem the greenback at par, nobody would present the greenbacks for redemption. The paper, being the more convenient money, would be kept and the gold and silver left to slumber where we have been at such pains to store it.

If a being from another world should come among us to study our habits, how he would be puzzled as he saw us with infinite labor obtain from deep in the earth a shining substance, zealously guard it to an establishment where it was cut into small pieces, and then hide the pieces where they could be neither seen nor touched; occasionally he would observe an expression of fear and anxiety upon our faces, we would rush wildly about, drag out our precious pieces and hide them elsewhere, and yet drag them out again and yet hide them elsewhere.

Thanks to top researcher Suzanne Watkins who found the marvelous citation above.

Here are additional selected citations in chronological order.

Continue reading Gold Gets Dug Out of the Ground; Then We Melt It Down, Dig Another Hole, Bury It Again

References

References
1 2003 July 21, The Times (UK), Section: Business, “Demand for global listing helps to put new gloss on gold”, Quote Page 21, London, England. (NewsBank Access World News)
2 Personal communication via email from Jason Zweig to Garson O’Toole dated May 21, 2013. The message contained the forwarded message from Debbie Bosanek, Assistant to Warren Buffett.
3 1877 August 9, Galveston Daily News, The Monetary Problem, Page unnumbered (final page), Column 5, Galveston, Texas. (NewspaperArchive)