“Never Ask A Barber If You Need

Turnarounds Seldom Turn.

I Bought My First Stock In 1942, In The Summer Of '42. I Was 11 Years Old. And So 75 Years Have Gone By. And I Have Never Known What The Market's Going To Do The Next Day. And That's Not My Game. My Game Is To Decide Whether I'm In The Right Economy, Which America's Definitely Been Ever Since That Time. The Dow Has Gone From 100 To 21,000 During That Time. And No Matter What The Headlines Say, Or Terrible Things Are Happening - We Were Losing The War In The Pacific When I First Bought Stocks.

Knowing What To Leave Out Is Just As Important As Knowing What To Focus On.

“I Insist On A Lot Of Time Being Spent, Almost Every Day, To Just Sit And Think. That Is Very Uncommon In American Business. I Read And Think. So I Do More Reading And Thinking, And Make Less Impulse Decisions Than Most People In Business. I Do It Because I Like This Kind Of Life.”

“There Comes A Time When You Ought To Start Doing What You Want. Take A Job That You Love. You Will Jump Out Of Bed In The Morning. I Think You Are Out Of Your Mind If You Keep Taking Jobs That You Don’t Like Because You Think It Will Look Good On Your Resume. Isn’t That A Little Like Saving Up Sex For Your Old Age?”