What's Going To Happen -

Benign Neglect, Bordering On Sloth, Remains The Hallmark Of Our Investment Process.

You Are Neither Right Nor Wrong Because The Crowd Disagrees With You.

I Mean, If Pearl Harbor Came Along, You Could Have Said The Planning Was Wrong By The Military Ahead Of Time Or Maybe The Battleships Shouldn't Have All Been In The Harbor And All That Kind Of Thing.

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.

If You Want To Soar Like An Eagle In Life, You Can't Be Flocking With The Turkeys.