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

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

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

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

Never test the depth of river with both the feet.

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