How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Warren BuffettThe best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
Warren BuffettOur investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).
Warren Buffett