Always invest for the long term.

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.

Buy a business, don't rent stocks.

Sound investing can make you very wealthy if you're not in too big a hurry.

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.

Buy companies with strong histories of profitability and with a dominant business franchise.