The best education you can get is investing in yourself, and that doesn't mean college or university.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.

I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see.

I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.