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.

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

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

Other guys read Playboy. I read annual report

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