Working With People Who Cause Your Stomach

We Like To Buy Businesses, But We Don't Like To Sell Them.

Traditional Wisdom Is Long On Tradition And Short On Wisdom.

Investing Is The Greatest Business In The World Because You Never Have To Swing. You Stand At The Plate; The Pitcher Throws You General Motors At 47! U.s. Steel At 39! And Nobody Calls A Strike On You. There's No Penalty Except Opportunity. All Day You Wait For The Pitch You Like; Then, When The Fielders Are Asleep, You Step Up And Hit It.

When They Get Their Ego Involved, People Do Things They Shouldn't Do.

People Who Watch Their Weight, Golf Scores, And Fuel Bills Seem To Shun Quantitative Evaluation Of Their Investment Management Skills Although It Involves The Most Important Client In The World-themselves.