Banking Is Very Good Business If You

Charlie And I Have A Number Of Filters That Things Have To Get Through Before We'll Think About Them.

A Market Downturn, Doesn't Bother Us. For Us And Our Long Term Investors, It Is An Opportunity To Increase Our Ownership Of Great Companies With Great Management At Good Prices. Only For Short Term Investors And Market Timers Is A Correction Not An Opportunity.

When People Talk About Cash Being King, It's Not King If It Just Sits There And Never Does Anything.

You Really Don't Need Leverage In This World Much. If You're Smart, You're Going To Make A Lot Of Money Without Borrowing. I've Never Borrowed A Significant Amount Of Money In My Life. Never. Never Will. I've Got No Interest In It.

Focus On Return On Equity, Not Earnings Per Share.