You Don't Have To Be A Genius

We Say We Are Trying To Buy Into Businesses With Excellent Economics, Run By Honest And Able People At A Decent Price. We Buy Very Few Securities, So We Look At It As "focused" Investing.

The Fundamental Basis Of Above-average Performance In The Long Run Is Sustainable Competitive Advantage.

All I Have To Do Is Think And Not Be Influenced By Others.

The Stockmarket Is A Semi-psychotic Creature Given To Extremes Of Elation And Despair.

Failure Comes From Ego, Greed, Envy, Fear, Imitation. I Have Success Not Because I Am Smart, But Because I Am Rational.