Don't invest in pieces of papers (stocks), invest in great businesses underlying them.

Success in investing doesn't correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

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

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

I'm an investor in a number of biotech companies, partly because of my incredible enthusiasm for the great innovations they will bring.