To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.

We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

You don't ever ask a barber whether you need a haircut.