The three most important words in investing...Margin of Safety.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

Enjoy your work and work for whom you admire.

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

The first rule is not to lose. The second rule is not to forget the first rule.

There seems to be some perverse human characteristic that likes to make easy things difficult.