Time Is The Friend Of The Wonderful

Interest Rates Are To Asset Prices What Gravity Is To The Apple. When There Are Low Interest Rates, There Is A Very Low Gravitational Pull On Asset Prices.

Bad Terminology Is The Enemy Of Good Thinking.

I Mean, They Were Getting The Mortgage Of Some Guy In Omaha, You Know, Securitized A Couple Of Times. I Mean He Had All These - They Had All These Types From Wall Street, You Know, And They Had Advanced Degrees, And They Look Very Alert, And They Came With These - They Came With These Things That Said Gamma And Alpha And Sigma And All That. And All I Can Say Is Beware Of Geeks, You Know, Bearing Formulas. They've Heard That In Europe.

What's Nice About Investing Is You Don't Have To Swing At Every Pitch.

Great Investment Opportunities Come Around When Excellent Companies Are Surrounded By Unusual Circumstances That Cause The Stock To Be Misappraised.