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A new study shows that the child population in San Francisco is dwindling and in fact San Francisco has the smallest share of children of any major city in the United States. That's odd, huh? For some reason couples in San Francisco don't seem to be reproducing as much as couples in other cities. Gee, I wonder what the problem is there? You think it might be something in the Rice-A-Roni?
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Charlie Munger
[GEICO] got to thinking that, because they were making a lot of money, they knew everything. And they suffered huge losses. All they had to do was to cut out all the folly and go back to the perfectly wonderful business that was lying there.
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