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

The real key to making money in stocks is not to get scared out of them.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

The simpler it is, the better I like it.

If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.

Spend at least as much time researching a stock as you would choosing a refrigerator.