Never Lie Under Any Circumstances.

The Dominant Factors Affecting Control Valuations Are Earning Power (past And Prospective) And Asset Values.

First Come The Innovators, Then Come The Imitators, Then Come The Idiots.

“One’s Objective Should Be To Get It Right, Get It Quick, Get It Out And Get It Over. Your Problem Won’t Improve With Age.”

It's Easy To Identify Many Investment Managers With Great Recent Records. But Past Results, Though Important, Do Not Suffice When Prospective Performance Is Being Judged. How The Record Has Been Achieved Is Crucial.

Banking Is Very Good Business If You Don't Do Anything Dumb.