I Learned To Go Into

There Are Three Kinds Of People: 1. Innovators. 2. Imitators. 3. Idiots.

In The Long Run Managements Stressing Accounting Appearance Over Economic Substance Usually Achieve Little Of Either.

My Rather Puritanical View Is That Any Investment Manager, Whether Operating As Broker, Investment Counselor Of A Trust Department, Investment Company, Etc., Should Be Willing To State Unequivocally What He Is Going To Attempt To Accomplish And How He Proposes To Measure The Extent To Which He Gets The Job Done.

A Market Downturn, Doesn't Bother Us. For Us And Our Long Term Investors, It Is An Opportunity To Increase Our Ownership Of Great Companies With Great Management At Good Prices. Only For Short Term Investors And Market Timers Is A Correction Not An Opportunity.

Money Will Always Flow Toward Opportunity, And There Is An Abundance Of That In America.