To win, the first thing you have to do is not lose.

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.

My idea of a group decision is to look in the mirror.

Is management rational?

There seems to be some perverse human characteristic that likes to make easy things difficult.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them