Turnarounds Seldom Turn.

Successful Investing Takes Time, Discipline And Patience. No Matter How Great The Talent Or Effort, Some Things Just Take Time: You Can't Produce A Baby In One Month By Getting Nine Women Pregnant.

The Big Question About How People Behave Is Whether They've Got An Inner Scorecard Or An Outer Scorecard. It Helps If You Can Be Satisfied With An Inner Scorecard.

Do Not Take Yearly Results Too Seriously. Instead, Focus On Four Or Five-year Averages.

Investment Students Need Only Two Well-taught Courses - How To Value A Business And How To Think About Market Prices

Trust Is Like The Air We Breathe--when It's Present, Nobody Really Notices; When It's Absent, Everybody Notices.