There is nothing like writing to force you to think and get your thoughts straight.

We make investment decisions based on our evaluation of the most profitable combination of probabilities.

I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.

Take the high road; it's far less crowded.

... the best way to own common stocks is through an index fund.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.