The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map. You may find local companies that have nothing wrong with them at all. A company that I found, Western Insurance Securities, was trading for $3/share when it was earning $20/share!! I tried to buy up as much of it as possible. No one will tell you about these businesses. You have to find them.

The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.