When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

No wise pilot, no matter how great his talent and experience, fails to use his checklist.

Almost all good businesses engage in 'pain today, gain tomorrow' activities.

It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are valued partly like bonds, based on roughly rational projections of use value in producing future cash. But they are also valued partly like Rembrandt paintings, purchased mostly because their prices have gone up, so far.

Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.

If only I had the influence with my wife and children that I have in some other quarters!

Capitalism is a pretty brutal place.