Risk Is A Part Of God's Game,

You Will Be Right, Over The Course Of Many Transactions, If Your Hypotheses Are Correct, Your Facts Are Correct, And Your Reasoning Is Correct. True Conservatism Is Only Possible Through Knowledge And Reason.

Only When You Combine Sound Intellect With Emotional Discipline Do You Get Rational Behavior.

In The Insurance Business, There Is No Statute Of Limitation On Stupidity.

Knowing What To Leave Out Is Just As Important As Knowing What To Focus On.

We Simply Attempt To Be Fearful When Others Are Greedy And To Be Greedy Only When Others Are Fearful.