An investor needs to do very few things right as long as he or she avoids big mistakes.

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

It is impossible to unsign a contract, so do all your thinking before you sign.

Stop trying to predict the direction of the stock market, the economy or elections.