Basically, the single-most important decision in evaluating a business is pricing power.

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

You should invest in a business that even a fool can run, because someday a fool will.

We look for things I can understand. A lot of businesses I don't understand.

Only when the tide goes out do you discover who's been swimming naked.

Buy into a company because you want to own it, not because you want the stock to go up.

I buy expensive suits - they just look cheap on me.