Our favorite holding period is forever. >>
Great investment opportunities come around when excellent companies ar >>
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. >>
Effective managers live in the present but concentrate on the future. >>
Things refuse to be mismanaged long. >>
A memorandum is not written to inform the reader, but to protect the w >>
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.