We Would Do Best In A Market

It's Easier To Create Money Than To Spend It.

Investing Is Simple, But Not Easy.

Well, It May Be All Right In Practice, But It Will Never Work In Theory

Do Not Take Yearly Results Too Seriously. Instead, Focus On Four Or Five-year Averages.

We Also Believe Candour Benefits Us As Managers. The Ceo Who Misleads Often In Public Eventually Misleads Himself In Private.