If You Don't Feel Comfortable Owning Something

You Get In A Lot Of Trouble When You Start Putting Fictitious Numbers.

Market Price, While Used Exclusively To Value Our Investments In Minority Positions, Is Not A Relevant Factor When Applied To Our Controlling Interests.

When We Own Portions Of Outstanding Businesses With Outstanding Managements, Our Favorite Holding Period Is Forever.

Asking For Financial Advice From A Financial Planner Is Like Asking A Barber If You Need A Hair Cut.

What Could Be More Advantageous In An Intellectual Contest - Whether It Be Chess, Bridge, Or Stock Selection - Than To Have Opponents Who Have Been Taught That Thinking Is A Waste Of Energy?