Look For Companies With High Profit Margins.

I Have Always Cautioned Partners That I Considered Three Years A Minimum In Determining Whether We Were "performing".

Every Day That Goes By, I Mean, If You Don't React To Pearl Harbor For A Week Or Two Weeks Or Three Weeks, You're Behind In The War That You Otherwise Would Have Fought.

The Fed Is The Greatest Hedge Fund In History.

Of The Billionaires I Have Known, Money Just Brings Out The Basic Traits In Them. If They Were Jerks Before They Had Money, They Are Simply Jerks With A Billion Dollars.

No Formula In Finance Tells You That The Moat Is 28 Feet Wide And 16 Feet Deep. That's What Drives The Academics Crazy. They Can Compute Standard Deviations And Betas, But They Can't Understand Moats.