Problems in a company are like cockroaches in the kitchen. You will never find just one

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

I get to do what I like to do every single day of the year.

Money will always flow toward opportunity, and there is an abundance of that in America.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.