The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

Too often, a vast collection of possessions ends up possessing its owner.

No matter how great the talent or efforts, some things just take time.

Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.