I Never Invest In Anything That I

If You Know How To Value Businesses, It's Crazy To Own 50 Stocks Or 40 Stocks Or 30 Stocks, Probably Because There Aren't That Many Wonderful Businesses Understandable To A Single Human Being In All Likelihood. To Forego Buying More Of Some Super-wonderful Business And Instead Put Your Money Into #30 Or #35 On Your List Of Attractiveness Just Strikes Charlie And Me As Madness.

If We Have A Strength, It Is In Recognizing When We Are Operating Well Within Our Circle Of Competence And When We Are Approaching The Perimeter.

I'll Tell You Why I Like The Cigarette Business. It Cost A Penny To Make. Sell It For A Dollar. It's Addictive. And There's A Fantastic Brand Loyalty.

“I Learned To Go Into Business Only With People Whom I Like, Trust, And Admire.”

It's Going To Be Tough Because The Economy Is Going To Be Getting Worse For A While. And It Might Fall Off A Cliff If This Doesn't Pass. But Nobody Will Ever Know That If It Does.