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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
We enjoy the process far more than the proceeds.
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
We always live in an uncertain world. What is certain is that the United States will go forward over time.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Value is what you get.
Time is the friend of the wonderful company, the enemy of the mediocre.
There seems to be some perverse human characteristic that likes to make easy things difficult.
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.
The only time to buy these is on a day with no y in it.
The investor of today does not profit from yesterday's growth.
The first rule is not to lose. The second rule is not to forget the first rule.
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