The Stock Market is designed to transfer money from the Active to the Patient.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

Investing is simple, but not easy.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.