Exercise Humility And Restraint.

If You Don't Find A Way To Make Money While You Sleep, You Will Work Until You Die.

The Fed Is The Greatest Hedge Fund In History.

What's Nice About Investing Is You Don't Have To Swing At Every Pitch.

The Key To Success Is Emotional Stability.

Our Investments Continue To Be Few In Number And Simple In Concept: The Truly Big Investment Idea Can Usually Be Explained In A Short Paragraph. We Like A Business With Enduring Competitive Advantages That Is Run By Able And Owner-oriented People. When These Attributes Exist, And When We Can Make Purchases At Sensible Prices, It Is Hard To Go Wrong (a Challenge We Periodically Manage To Overcome).