When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
The only time to buy these is on a day with no 'y' in it.
Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.