I Think I Could Make You Fifty

A Lot Of People Disagree With Me On This, I Believe In Mark To Market.

Lethargy Bordering On Sloth Remains The Cornerstone Of Our Investment Style. The Exception Was Wells Fargo, A Superbly-managed, High-return Banking Operation In Which We Increased Our Ownership To Just Under 10%, The Most We Can Own Without The Approval Of The Federal Reserve Board.

I Never Invest In Anything That I Don't Understand.

“Diversification May Preserve Wealth, But Concentration Builds Wealth.”

“Never Invest In A Business You Can’t Understand.”