The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Good big decisions do not take time at all, if they do you are in trouble.

Never test the depth of river with both the feet.

Buy companies with strong histories of profitability and with a dominant business franchise.

Stocks are the only thing that people are happy to buy when the price goes up.

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