Never invest in a business you can't understand
Time is the friend of the wonderful company, the enemy of the mediocre.
The best investment you can make is in yourself.
Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.