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

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.

Accounting is the language of business.

We don't read other people's opinions. We want to get the facts, and then think.

Focus on return on equity, not earnings per share.

The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.