One of the biggest challenges in investing is that the opportunity set available today is not the complete opportunity set that should be considered. Limiting your opportunity set to the one immediately at hand would be like limiting your spouse to the students you met in high school

We work really hard never to get confused with what we know from what we think or hope or wish.

Graham's wonderful sentence as, an investor needs only two things: cash and courage. Having only one of them is not enough.

Be indifferent if you lose your short term clients, remember they are your own worst enemy

Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.

Over the long run, the crowd is always wrong.

Flexible approach - will look at ALL asset classes.