When investing, pessimism is your friend, euphoria the enemy.

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

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

Always invest for the long term.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

It is more important to say "no" to an opportunity, than to say "yes".