If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.

Yes, Warren has done very well.

Ben didn't want to lose money. He had had a rough time during the depression.

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

Our average holding period is four years.

Have the courage of your convictions once you have made a decision.

Ben's emphasis was on protecting his expectation of profit with minimum risk.