Does The Business Have Favourable Long Term

I Have Worked With Investors For 60 Years And I Have Yet To See Anyone - Not Even When Capital Gains Rates Were 39.9 Percent In 1976-77 - Shy Away From A Sensible Investment Because Of The Tax Rate On The Potential Gain.

Investment Students Need Only Two Well-taught Courses - How To Value A Business And How To Think About Market Prices

I Like To Buy Things I Can Understand. I Do A Lot Of Research On Things.

Managers That Always Promise To 'make The Numbers' Will At Some Point Be Tempted To Make Up The Numbers.

The Three Most Important Words In Investing...margin Of Safety.