Knowing What To Leave Out

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.

During Inflation, Goodwill Is The Gift That Keeps On Giving.

Focus On Your Customers And Lead Your People As Though Their Lives Depend On Your Success.

We Have Long Felt That The Only Value Of Stock Forecasters Is To Make Fortune-tellers Look Good.

When 40 Billion Of Treasury Bills Are Sold Like, Seven Day Treasury Bills, At A Yield Of 1/20th Of One Percent, That Means The Whole Country Is Basically At The Point Virtually, Or A Lot Of The Country Is At The Point Of Putting The Money Under The Mattress.