Enjoy Your Work And Work For Whom

If You Understood A Business Perfectly And The Future Of The Business, You Need Very Little In The Way Of A Margin Of Safety.

A Company Should Be Viewed As An Unfolding Movie, Not As A Still Photograph

Buy Companies With Strong Histories Of Profitability And With A Dominant Business Franchise.

I Do Not Like Debt And Do Not Like To Invest In Companies That Have Too Much Debt, Particularly Long-term Debt. With Long-term Debt, Increases In Interest Rates Can Drastically Affect Company Profits And Make Future Cash Flows Less Predictable.

A Public-opinion Poll Is No Substitute For Thought.