Only Buy Something That You'd Be Perfectly

The Stock Market Is Designed To Transfer Money From The Active To The Patient.

If You Own A Wonderful Business...the Best Thing To Do Is Keep It. All You're Going To Do Is Trade Your Wonderful Business For A Whole Bunch Of Cash, Which Isn't As Good As The Business, And You Got The Problem Of Investing In Other Businesses, And You Probably Paid A Tax In Between. So My Advice To Anybody Who Owns A Wonderful Business Is Keep It.

Risk Can Be Greatly Reduced By Concentrating On Only A Few Holdings.

Life Is Like A Snowball. The Important Thing Is Finding Wet Snow And A Really Long Hill.

Diversification Is Protection Against Ignorance. It Makes Little Sense If You Know What You Are Doing.