You're not going to get very far in life based on what you already know. You're going to advance in life by what you're going to learn after you leave here.

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business

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

Let me know what your problem is, and I will try to make it more difficult for you.

I think it is undeniably true that the human brain must work in models. The trick is to have your brain work better than the other person's brain because it understands the most fundamental models- ones that will do most work per unit.

I think you'll make more money in the end with good ethics than bad. Even though there are some people who do very well, like Marc Rich-who plainly has never had any decent ethics, or seldom anyway. But in the end, Warren Buffett has done better than Marc Rich-in money-not just in reputation.

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.