An idea or a fact is not worth more merely because it's more available to you.

You could argue that [the decline of public schools] is one of the major disasters in our lifetimes. We took one of the greatest successes in the history of the earth and turned it into one of the greatest disasters in the history of the earth.

Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.

A director who gets $150,000 per year from a company and needs the money is not independent.

In Gillette's case, they keep surfing along new technology which is fairly simple by the standards of microchips. But it's hard for competitors to do. So they've been able to stay constantly near the edge of improvements in shaving.

The average result has to be the average result. By definition, everybody can't beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That's just the way it is.

There must be some wisdom in the folk saying: Its the strong swimmers who drown.