Be Brave When Others Are

In A Commodity Business, It's Very Hard To Be Smarter Than Your Dumbest Competitor.

I Don't Want To Be On The Other Side Of The Table From The Customer. I Was Never Selling Anything That I Didn't Believe In Myself Or Use Myself.

The Key To Investing Is Not Assessing How Much An Industry Is Going To Affect Society, Or How Much It Will Grow, But Rather Determining The Competitive Advantage Of Any Given Company And, Above All, The Durability Of That Advantage.

Never Risk What You Have And Need For What We Don't Have And Don't Need.

I Wouldn’t Mind Going To Jail If I Had Three Cellmates Who Played Bridge