We have pushed taxation of wealth to a point in Great Britain where in many cases the yield would be greater if the rate were less. The idea that prosperity can be wooed by chasing millionaires is one of the most common and most foolish of modern popular delusions.

The rich invest in time, the poor invest in money.

The most important investment you can make is in yourself... nobody can tax it or take it away from you.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.