Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

Invest in what you know.

The junior high schools and high schools of America have forgotten to teach one of the most important courses of all. Investing.

I like to buy a company any fool can manage because eventually one will.

You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.

In business, competition is never as healthy as total domination.