If you buy things you do not need, soon you will have to sell things you need.
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
What we learn from history is that people don't learn from history.
The wise man once said invest young
If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.