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 students need only two well-taught courses - How to Value a Business and How to Think About Market Prices.

Never depend on single income. Make investment to create a second source.

Basically, the single-most important decision in evaluating a business is pricing power.

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

Investment ideas, like women are often more exciting than punctual.