If At First You Do Succeed, Quit

You Can't Make A Good Deal With A Bad Person.

I'll Tell You Why I Like The Cigarette Business. It Cost A Penny To Make. Sell It For A Dollar. It's Addictive. And There's A Fantastic Brand Loyalty.

If You Are A Professional And Have Confidence, Then I Would Advocate Lots Of Concentration.

The Optimum Portfolio Depends On The Various Expectations Of Choices Available And The Degree Of Variance In Performance Which Is Tolerable. The Greater The Number Of Selections, The Less Will Be The Average Year-to-year Variation In Actual Versus Expected Results. Also, The Lower Will Be The Expected Results, Assuming Different Choices Have Different Expectations Of Performance.

What's Going To Happen - Things We're Doing Are Going To Have Some Inflationary Consequences.