If I eat 2,700 calories a day, a quarter of that is Coca-Cola.

People will always try to stop you from doing the right thing if it is unconventional.

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

Accounting is the language of business.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.

If you don't know jewelry, know the jeweler.