My favorite time frame for holding a stock is forever.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

There are certain things that cannot be adequately explained to a virgin either by words or pictures.

Accounting is the language of business.

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

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