If Knowing History Made You

We Will Reject Interesting Opportunities Rather Than Over-leverage Our Balance Sheet.

Risk Can Be Greatly Reduced By Concentrating On Only A Few Holdings.

I've Learned Mainly By Reading Myself. So I Don't Think I Have Any Original Ideas. Certainly, I Talk About Reading Graham. I've Read Phil Fisher. So I've Gotten A Lot Of My Ideas From Reading. You Can Learn A Lot From Other People. In Fact, I Think If You Learn Basically From Other People, You Don't Have To Get Too Many New Ideas On Your Own. You Can Just Apply The Best Of What You See.

We Enjoy The Process Far More Than The Proceeds.

Returns Decrease As Motion Increases.