Never Invest In A Business You Can't

With A Wonderful Business, You Can Figure Out What Will Happen; You Can't Figure Out When It Will Happen. You Don't Want To Focus On When, You Want To Focus On What. If You're Right About What, You Don't Have To Worry About When

The Smartest Side To Take In A Bidding War Is The Losing Side.

In My Opinion, The Entire Field Of Investment Management, Involving Hundreds Of Billions Of Dollars, Would Be More Satisfactorily Conducted If Everyone Had A Good Yardstick For Measurement Of Ability And Sensibly Applied It.

I Know That Congress Will Do The Right Thing.

Writing A Check Separates A Commitment From A Conversation.