Know what you own, and know why you own it.

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

There's a company behind every stock and a reason companies - and their stocks - perform the way they do.

Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub; if you turn over 20 rocks you'll find two.

Long shots almost always miss the mark.

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 don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'