Lethargy, bordering on sloth should remain the cornerstone of an investment style.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Very successful people say no to almost everything.
We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
Accounting is the language of business.
The reaction of weak management to weak operations is often weak accounting.