The most important investment you can make is in yourself... nobody can tax it or take it away from you.

Uncertainty is the friend of the buyer of long term values.

Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay. The upshot is that a mediocre-or-worse CEO - aided by his handpicked VP of human relations and a consultant from the ever-accommodating firm of Ratchet, Ratchet and Bingo - all too often receives gobs of money from an ill-designed compensation arrangement.

I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see.

Benign neglect, bordering on sloth, remains the hallmark of our investment process.

Focus on your customers and lead your people as though their lives depend on your success.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.