Never Depend On A Single Source Of

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.

As An Investor With Small Capital, One Should Prefer Businesses That Have High Returns On Capital And That Require Little Incremental Investment To Grow.

“Trust Is Like The Air We Breathe – When It’s Present, Nobody Really Notices; When It’s Absent, Everybody Notices.”

“Games Are Won By Players Who Focus On The Playing Field – Not By Those Whose Eyes Are Glued To The Scoreboard.”

In The Search [of A Deal], We Adopt The Same Attitude One Might Find Appropriate In Looking For A Spouse: It Pays To Be Active, Interested, And Open-minded, But It Does Not Pay To Be In A Hurry.