Macro worries are like sports talk radio. Everyone has a good opinion which probably means that none of them are good.

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

By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.

I think markets will never be efficient because of human nature.

Flexible approach - will look at ALL asset classes.

While knowing how to value businesses is essential for investment success, the first and perhaps most important step in the investment process is knowing where to look for opportunities

Avoid organizing investment team into silos.