Intensity is the price of excellence.

The greatest Enemies of the Equity investor are Expenses and Emotions.

I think confidence will come back.

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.

The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.