12 Quotes by Donald Yacktman

Would I like to have a man like Buffett on the board? You bet. But can I blame him for going off? Not at all. But Buffett, with the amount of shares he owns, will still have an influence.

Now that the worst lawsuits are fading it seems a golden opportunity to do that. Kraft is limping.

No company is totally immune from disaster, chaos, recession, you name it, ... But on a scale, ours tend to be most recession-proof.

Philip Morris still generates enormous amounts of cash, ... We're not giving up yet.

If we get good prices on the businesses we like, I'm willing to buy,

Management can focus on one business. From a psychological standpoint as well as from a practical standpoint it's a positive move.

When people bought these funds, they bought them because they wanted me to manage the funds, not the directors.

There's only so long you can hold the beach ball under water,

A delay allows people to have less psychology and more orderly behavior.