The First Rule Is Not To Lose.

I Checked The Actuarial Tables, And The Lowest Death Rate Is Among Six-year-olds. So I Decided To Eat Like A Six-year-old.

In The End, Alchemy, Whether It Is Metallurgical Or Financial, Fails. A Base Business Can Not Be Transformed Into A Golden Business By Tricks Of Accounting Or Capital Structure. The Man Claiming To Be A Financial Alchemist May Become Rich. But Gullible Investors Rather Than Business Achievements Will Usually Be The Source Of His Wealth.

I Think People - What People Want To Do Is Make [economy] Get Worse.

The Value Of A Business Is The Cash It's Going To Produce In The Future.

The Fundamental Basis Of Above-average Performance In The Long Run Is Sustainable Competitive Advantage.