My idea of a group decision is to look in the mirror.

Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

Don't settle for anything other than your passion - if you're lucky enough to find it.

It's much easier to stay out of trouble now than to get out of trouble later.

Accounting is the language of business.

Too often, a vast collection of possessions ends up possessing its owner.

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