It's a lot easier to buy things than it is to sell them.

Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own.

In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.

If I subscribed to the efficient market theory I would still be delivering papers

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

Basically, the single-most important decision in evaluating a business is pricing power.

I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.