An Investor Needs To Do

Be Fearful When There Is Greed And Be Greedy When There Is Fear.

I Look For Businesses In Which I Think I Can Predict What They're Going To Look Like In Ten To Fifteen Years Time. Take Wrigley's Chewing Gum. I Don't Think The Internet Is Going To Change How People Chew Gum.

We Say We Are Trying To Buy Into Businesses With Excellent Economics, Run By Honest And Able People At A Decent Price. We Buy Very Few Securities, So We Look At It As "focused" Investing.

There's No Use Running If You're On The Wrong Road.

The Extraordinary Business Does Not Require Good Management.