If You Can Tell Me Who Your

“There Are All Kinds Of Businesses That Charlie And I Don’t Understand, But That Doesn’t Cause Us To Stay Up At Night. It Just Means We Go On To The Next One, And That’s What The Individual Investor Should Do.”

The Active Investors Will Have Their Returns Diminished By A Far Greater Percentage Than Will Their Inactive Brethren. That Means That The Passive Group - The "know-nothings" - Must Win.

The Greater The Potential For Reward In The Value Portfolio, The Less Risk There Is.

I Do Not Like Debt And Do Not Like To Invest In Companies That Have Too Much Debt, Particularly Long-term Debt. With Long-term Debt, Increases In Interest Rates Can Drastically Affect Company Profits And Make Future Cash Flows Less Predictable.

The One Piece Of Advice I Can Give You Is, Do What Turns You On. Do Something That If You Had All The Money In The World, You’d Still Be Doing It. You’ve Got To Have A Reason To Jump Out Of Bed In The Morning.