...by regularly reading business newspaper and magazines I am exposed to an enormous amount of material at the micro level.. I find that what I see going on there pretty much informs me about what's happening at the macro level.

The tax code gives you an enormous advantage if you can find some things you can just sit with.

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

It's simplicity itself that its future will be way worse than its past.

The only way to win is to work, work, work, work, and hope to have a few insights

I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.

The only intelligence investing is value investing...to acquire more than one is paying for.