I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

The fact that people will be full of greed, fear or folly is predictable.The sequence is not predictable.

When people are 'stung' in false investment schemes there are three causes; greed of something for nothing; sheer inability to know their mind; or infantile trustfulness.

Never be afraid to ask for too much when selling or offer too little when buying.

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

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