In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.

The best stock to buy is the one you already own.

Never invest in anything that cannot be illustrated with a crayon