You Can Lose Leverage, And It's The

I Try To Buy Stock In Businesses That Are So Wonderful That An Idiot Can Run Them. Because Sooner Or Later, One Will.

During Inflation, Goodwill Is The Gift That Keeps On Giving.

A Very Rich Person Should Leave His Kids Enough To Do Anything, But Not Enough To Do Nothing.

Our Marketable Equities Tell Us By Their Operating Results - Not By Their Daily, Or Even Yearly, Price Quotations - Whether Our Investments Are Successful. The Market May Ignore Business Success For A While, But Eventually Will Confirm It.

When Forced To Choose, I Will Not Trade Even A Night's Sleep For The Chance Of Extra Profits.