You Shouldn't Own Common Stocks If A

I'm The Luckiest Guy In The World In Terms Of What I Do For A Living. No One Can Tell Me To Do Things I Don't Believe In Or Things I Think Are Stupid.

I Have Never Been Able To Understand Why The Tax Comes As Such A Body Blow To Many People Since The Rate On Long-term Capital Gain Is Lower Than On Most Likes Of Endeavor (tax Policy Indicated Digging Ditches Is Regarded As Socially Less Desirable Than Shuffling Stock Certificates).

Emotional Makeup Is More Important Than Technical Skill

Time Is The Friend Of The Wonderful Business. It's The Enemy Of The Lousy Business. If You're In A Lousy Business For A Long Time, You're Going To Get A Lousy Result, Even If You Buy It Cheap. If You're In A Wonderful Business For A Long Time, Even If You Pay A Little Too Much Going In, You're Going To Get A Wonderful Result If You Stay In A Long Time.

Lethargy, Bordering On Sloth Should Remain The Cornerstone Of An Investment Style.