I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

You get in a lot of trouble when you start putting fictitious numbers.

It's a big mistake to try and mislead people. They will turn around.

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.

Growth and value investing are joined at the hip.

If knowing history made you rich, librarians would be billionaires.

There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether the manager is handling one thousand dollars or one billion dollars) is not being operated logically. The addition of the one hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation.