Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

Continually challenge and be willing to amend your best loved ideas.

Buy into a company because you want to own it, not because you want the stock to go up.

The single most important decision in evaluating a business is pricing power.