Why would you want to invest with a guy whose thought process says, "If a second layer of fees is good, then let's add a third layer.

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

People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There's always been a market for people who pretend to know the future. Listening to today's forecasters is just as crazy as when the king hired the guy to look at the sheep guts.

I call myself the assistant cult leader.

This is a good life lesson: getting the right people into your system is the most important thing you can do.

There are a lot of things in life way more important than money. All that said, some people do get confused. I play golf with a man who says, " What good is health? You can't buy money with it."

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.