Why You Shouldn't Make Important Decisions When You're Tired

Berkshire Hathaway's Warren Buffett says he lives on autopilot in terms of the ordinary decisions of life. He doesn't waste time thinking about what he's going to eat as he eats what he's always eaten. Berkshire is buying newspapers at very, very low prices compared to current earnings and we must do that because the earnings will go down. After tax return with declining earnings would be at least 10% after tax but I think it could well be somewhat higher.