Someone's sitting in the shade today because someone planted a tree a long time ago. Warren Buffett
Your premium brand had better be delivering something special, or it's not going to get the business.
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Wide diversification is only required when investors do not understand what they are doing.
Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever.
Price is what you pay. Value is what you get.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Risk comes from not knowing what you're doing.
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