Let Blockheads Read What Blockheads Wrote.

I Am Quite Serious When I Say That I Do Not Believe There Are, On The Whole Earth Besides, So Many Intensified Bores As In These United States. No Man Can Form An Adequate Idea Of The Real Meaning Of The Word, Without Coming Here.

Investors Should Remember That Their Scorecard Is Not Computed Using Olympic-diving Methods: Degree-of-difficulty Doesn't Count. If You Are Right About A Business Whose Value Is Largely Dependent On A Single Key Factor That Is Both Easy To Understand And Enduring, The Payoff Is The Same As If You Had Correctly Analyzed An Investment Alternative Characterized By Many Constantly Shifting And Complex Variables.

The Stockmarket Is A Semi-psychotic Creature Given To Extremes Of Elation And Despair.

We've Got More Productive Capacity Now Than We Ever Have.

The Single Most Important Decision In Evaluating A Business Is Pricing Power.