Buy companies with strong histories of profitability and with a dominant business franchise.

Calculate "owner earnings" to get a true reflection of value.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.

Never lie under any circumstances.

The secret is to find what you love to do.I mean, I tell the students look for the job that you would take if you didn't need a job. I mean, it's that simple. And I was lucky enough to find it very early in life. And then the second thing is to have people around you that make feel good every day, and make you a better person than you otherwise would be.

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.