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

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

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

Investment ideas, like women are often more exciting than punctual.

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

Never be afraid to ask for too much when selling or offer too little when buying.

Never depend on single income. Make investment to create a second source.