We Make Investment Decisions Based On Our

Buy Into A Company Because You Want To Own It, Not Because You Want The Stock To Go Up.

There Is Nothing Like Writing To Force You To Think And Get Your Thoughts Straight.

Investors Making Purchases In An Overheated Market Need To Recognize That It May Often Take An Extended Period For The Value Of Even An Outstanding Company To Catch Up With The Price They Paid.

Larger Sums May Be An Advantage At Some Cases And A Disadvantage At Others.

As An Investor With Small Capital, One Should Prefer Businesses That Have High Returns On Capital And That Require Little Incremental Investment To Grow.