Charlie [munger] And I Are Not Big

If You Lose Money For The Firm, I Will Be Forgiving. If You Lose Reputation, I Will Be Ruthless.

The Smartest Side To Take In A Bidding War Is The Losing Side.

Investing Is Forgoing Consumption Now In Order To Have The Ability To Consume More At A Later Date.

We Have Usually Made Our Best Purchases When Apprehensions About Some Macro Event Were At A Peak. Fear Is The Foe Of The Faddist, But The Friend Of The Fundamentalist.

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.