If we mix only a moderate minority share of turds with the raisins each year, probably no one will recognize what will ultimately become a very large collection of turds.

It's dangerous to short stocks.

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

You must value the business in order to value the stock.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.