The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

The thing to do is to keep your mind when the world around you is losing theirs.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

The best asset is your own self. You can become to an enormous degree the person you want to be

For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.