Never invest in a business you can't understand.

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

The ability to say no is a tremendous advantage for an investor.

Good big decisions do not take time at all, if they do you are in trouble.

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

Be fearful when there is greed and be greedy when there is fear.