I Never Invest In Anything That I

We Can Afford To Lose Money - Even A Lot Of Money. But We Can't Afford To Lose Reputation - Even A Shred Of Reputation.

Is Management Candid With The Shareholders?

I Certainly Have No Desire To Sell A Good Controlled Business Run By People I Like And Admire, Merely To Obtain A Fancy Price. However, Specific Conditions May Cause The Sale Of One Operating Unit At Some Point.

Someone Is Sitting In The Shade Today Because Someone Planted A Tree A Long Time Ago.

The Best Business Returns Are Usually Achieved By Companies That Are Doing Something Quite Similar Today To What They Were Doing Five Or Ten Years Ago.