“Begin at the beginning”, the King said gravely, “and go on till you come to the end: then stop.” — Lewis Carroll, Alice in Wonderland
"The safest and most profitable thing is to buy something when no one likes it. Given time, its popularity, and thus its price, can only go one way: up…
“Just keep accumulating knowledge. That’s one of the beauties of the business that Charlie and I are in, is that everything is cumulative. The stuff I …
“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” — John Templeton
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.” — Charlie Munger
“A single conversation across the table with a wise man is better than ten years mere study of books.” — Chinese Proverb
“[Richard Rainwater] didn’t want anything just undervalued. He wanted it undervalued with an opportunity attached to it. He wanted the guy he was negot…
“As Ben Graham noted in his classic, The Intelligent Investor, ‘It always seemed, and still seems, ridiculously simple to say that if one can acquire a…
“I think a lot of funds get their ideas from Wall Street. I just like to find my own ideas. I read a lot. A lot of news. I just follow my nose. A lot o…
“We shall conclude with a practical observation that is based on experience rather than theory. When the general market is high there are always a numb…
“The wise investor recognizes that success is a process of continually seeking answers to new questions.” — John Templeton
“I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains…