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

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

Investing is laying out money now to get more money back in the future.

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.

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.