I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

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

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

I'll take the deal, whatever you want to do.

Money is not everything. Make sure you earn a lot before speaking such nonsense.