The Real Fortunes In This Country Have

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

I Insist On A Lot Of Time Being Spent, Almost Every Day, To Just Sit And Think. That Is Very Uncommon In American Business. I Read And Think. So I Do More Reading And Thinking, And Make Less Impulse Decisions Than Most People In Business. I Do It Because I Like This Kind Of Life.

There Is No Perfect Mathematical Formula For Pricing A Business.

Investing In A Market Where People Believe In Efficiency Is Like Playing Bridge With Someone Who Has Been Told It Doesn't Do Any Good To Look At The Cards.

If You Don't Feel Comfortable Owning Something For 10 Years, Then Don't Own It For 10 Minutes.