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

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

You don't have to have perfect wisdom to get very rich - just a bit better than average over a long period of time.

To some extent, stocks are like Rembrandts. They sell based on what they've sold in the past. Bonds are much more rational. No-one thinks a bond's value will soar to the moon.

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It's just that simple.

There are a lot of things in life way more important than money. All that said, some people do get confused. I play golf with a man who says, " What good is health? You can't buy money with it."

We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.