From http://www.forbes.com/sites/johnnosta/2013/02/25/the-genius-of-raising-brilliant-kids/

Limit rules, encourage independence.  We have ‘minimal rules’, but nothing that stifles creativity. Basically, you can sum it up simply: treat people with respect, do your homework be honest and try to be safe.  Having too many rules burdens down the entire family and limits thinking.

Buffett on pricing and a good business

In an interview with the Financial Crisis Inquiry Commission (FCIC), Buffett said, "The single most important decision in evaluating a business is pricing power. If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you've got a terrible business." Lubrizol appears to fit the bill.


Read more: http://www.marketfolly.com/2011/03/why-did-warren-buffett-purchase.html#ixzz2LY1buBpj