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

I am a better investor because I am a businessman, and a better businessman because I am no investor.

If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.

A public-opinion poll is no substitute for thought.

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).