It is easier to rationalize than it is to be rational.
Cash combined with courage in a time of crisis is priceless.
I am a better investor because I am a businessman, and a better businessman because I am no investor.
Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
I lose confidence in other people, all kinds of institutions.
If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.