The value of a business is the cash it's going to produce in the future.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

A fool and his money are soon invited everywhere.

Growth and value investing are joined at the hip.

It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.

Investors should remember that excitement and expenses are their enemies.