My favorite time frame for holding a stock is forever.

The single most important decision in evaluating a business is pricing power.

I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

My favorite time frame for holding a stock is forever.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.