All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come

Buying's easier, selling's hard - [it's] hard to know when to get out.

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.

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

Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable.

There's no such thing as a value company. Price is all that matters. At some price, an asset is a buy, at another it's a hold, and at another it's a sell.

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