Never Be Afraid To Ask

Investors Should Remember That Excitement And Expenses Are Their Enemies.

People Do, As Long As You Have Markets, You'll Have Excesses.

Our Policy Is To Concentrate Holdings. We Try To Avoid Buying A Little Of This Or That When We Are Only Lukewarm About The Business Or Its Price. When We Are Convinced As To Attractiveness, We Believe In Buying Worthwhile Amounts.

When Asked How He Became So Successful In Investing, Buffett Answered: 'we Read Hundreds And Hundreds Of Annual Reports Every Year.

I've Often Felt There Might Be More To Be Gained By Studying Business Failures Than Business Successes.