I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

I like to buy things I can understand. I do a lot of research on things.

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

Always invest for the long term.

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.