I Think Confidence Will Come Back.

With Enough Insider Information And A Million Dollars, You Can Go Broke In A Year.

If I Got A Chance To Take One Percent Of The Deal Either Way, I Would Make That Bet.

The Strategy We've Adopted Precludes Our Following Standard Diversification Dogma. Many Pundits Would Therefore Say The Strategy Must Be Riskier Than That Employed By More Conventional Investors. We Disagree. We Believe That A Policy Of Portfolio Concentration May Well Decrease Risk If It Raises, As It Should, Both The Intensity With Which An Investor Thinks About A Business And The Comfort-level He Must Feel With Its Economic Characteristics Before Buying Into It.

We've Used Derivatives For Many, Many Years. I Don't Think Derivatives Are Evil, Per Se, I Think They Are Dangerous.

If You Hit A Hole In One Every Hole, You Wouldn’t Play Golf For Very Long.