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Ice cream cake and Warren Buffett: Deciphering Ravens' free-agent plan

OWINGS MILLS, Md. -- In addressing free agency this week, Baltimore Ravens general manager Eric DeCosta declined to talk about what type of wide receiver the team is targeting.

DeCosta did reference eating a late-night dessert and a 90-year-old business tycoon.

“I subscribe to the Warren Buffett school of thought as to value in investing, which is to say that it’s far better to acquire a wonderful company at a fair price than a fair company at a wonderful price,” DeCosta told fans in a video posted Thursday on the Ravens’ Twitter account.

The Ravens have never been big spenders in free agency and it would represent a shift in philosophy if that changed this year.