We Look For Things I Can Understand.

Buy Into A Company Because You Want To Own It, Not Because You Want The Stock To Go Up.

I Read Annual Reports Of The Company I'm Looking At And I Read The Annual Reports Of The Competitors - That Is The Main Source Of Material.

I'm The Luckiest Guy In The World In Terms Of What I Do For A Living. No One Can Tell Me To Do Things I Don't Believe In Or Things I Think Are Stupid.

The Trick Is, When There Is Nothing To Do, Do Nothing.

Never Risk What You Have And Need For What We Don't Have And Don't Need.