Look for companies with high profit margins.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

Exercise humility and restraint.

Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.

If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?

If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.