Valuing a business is part art and part science.

Cultivate curiosity and strive to become a little wiser every day.

Does management resist the institutional imperative?

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

I think the FDIC was one of the great inventions of the American.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.