“Failure Comes From Ego, Greed, Envy, Fear,

We Would Do Best In A Market Where Everyone Acted Foolishly.

The Same Things Happen To Quite An Extent Around The Globe. I Mean, The European Banks Were Doing What The American Banks Were.

So Some Guy May Know How To Make Money In Cocoa Beans, But I Don't So I Just Let Him Have That. But It's Got To Be Something I Understand. It's Got To Be A Business With Fundamentally Good Economics. It's Got To Be A Management That I Like And Trust And Admire. And It's Got To Be A Price That Makes Sense.

“Never Depend On A Single Income. Make Investments To Create A Second Source.”

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