We will reject interesting opportunities rather than over-leverage our balance sheet.

I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.

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

Well, it may be all right in practice, but it will never work in theory

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

Never invest in a business you can't understand

A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well