All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

Never get too hung up on mistakes.

We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.

I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.

Remember that the stock market is manic-depressive.

Don't risk what is important to you, to get what is not important to you.