Successful investors must temper the arrogance of taking a stand with a large dose of humility, accepting that despite their efforts and care, they may in fact be wrong.

Investment success cannot be captured in a mathematical equation or a computer program.

Individual and institutional investors alike frequently demonstrate an inability to make long-term investment decisions based on business fundamentals.

Never stop reading. History doesn't repeat, but it does rhyme.

Investing today may well be harder than it has been at any time in our three decades of existence.

Depressions aren't good but the depression mentality is good.

Literally draw a detailed map-like an organization chart-of interlocking ownership and affiliates, many of which were also publicly traded. So, identifying one stock led him to a dozen other potential investments. To tirelessly pull threads is the lesson that I learned from Mike Price.