Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

We want very good leaders who have a lot of power.

I call myself the assistant cult leader.

The big money is not in the buying and selling ... but in the waiting.

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

The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage. Look for more value in terms of discounted future cash-flow than you are paying for. Move only when you have an advantage.

In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.