Investment ideas, like women are often more exciting than punctual.

Continually challenge and be willing to amend your best loved ideas.

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

I think the FDIC was one of the great inventions of the American.

The best thing I did was choose the right heroes.