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

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

Risk comes from not knowing what you're doing.

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

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

Basically, the single-most important decision in evaluating a business is pricing power.