Charlie [munger] And I Are Not Big

Time Is Your Friend, Impulse Is Your Enemy. Take Advantage Of Compound Interest And Don't Be Captivated By The Siren Song Of The Market.

If We Start Deciding, Based On Guesses Or Emotions, Whether We Will Or Won't Participate In A Business Where We Should Have Some Long Run Edge, We're In Trouble.

The Dominant Factors Affecting Control Valuations Are Earning Power (past And Prospective) And Asset Values.

If You Are Not Willing To Own A Stock For 10 Years, Do Not Even Think About Owning It For 10 Minutes.

A Ceo's Behavior Has A Huge Impact On Managers Down The Line.