The key to life is to figure out who to be the batboy for.

Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

If knowing history made you rich, librarians would be billionaires.

Never lie under any circumstances.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

Investing is simple, but not easy.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.