I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

The greater the potential for reward in the value portfolio, the less risk there is.

It's not that I want money. It's the fun of making money and watching it grow.