... from shareholders at the company's annual meetings. Here are some samples from the most recent meeting. They were compiled by Whitney Tilson, an investment manager himself. • Patient investing. We have $16 billion in cash not because of any predictions [about a market decline], but because we can't find anything that makes us want to part with that cash. We're not positioning ourselves. We just try to do smart things every day, and if there's nothing smart, then we sit on cash. • Commitment. If we start buying a stock, we want to go in heavy. ... We've made some big mistakes starting to buy something that was cheap and within our circle of competence, but trickled off because [the] price went up a bit. Good ideas are too scarce to be parsimonious with. • The big ones. I used to handicap horses. ... If someone asked me to handicap ...

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