Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

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.

The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read "one year's experience-twenty times.

The best asset is your own self. You can become to an enormous degree the person you want to be

Let blockheads read what blockheads wrote.

Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.