If another person were to enter the building, it would once again be empty.

Hold cash when opportunities are not presenting themselves.

When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. Real or imagined concerns about client redemptions, employee defections can greatly influence behavior away from rational.

Why should the immediate opportunity set be the only one considered, when tomorrow's may well be considerably more fertile than today's?

I think Buffett is a better investor than me because he has a better eye toward what makes a great business. And when I find a great business I'm happy to buy it and hold it. Most businesses don't look so great to me.

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.

It is crucial in a sound investment process to search a mile wide than a mile deep with they find something - also.. never stop digging for information.