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.

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.

Cash combined with courage in a time of crisis is priceless.

Success in investing doesn't correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

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

We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.