“Never Test The Depth Of River With

We Say We Are Trying To Buy Into Businesses With Excellent Economics, Run By Honest And Able People At A Decent Price. We Buy Very Few Securities, So We Look At It As "focused" Investing.

All Day You Wait For The Pitch You Like; Then When The Fielders Are Asleep, You Step Up And Hit It.

I Sent One E-mail In My Life. I Sent It To Jeff Raikes At Microsoft, And It Ended Up In Court In Minneapolis, So I Am One For One.

Read 500 Pages Every Day. That's How Knowledge Works. It Builds Up Like Compound Interest.

We Are Trading Away A Little Bit Of Our Country All The Time For This Access Consumption That We Have Over What We've Produced. That Is Not Good. I Think It's Terrible Over Time. But Our Country's Productive Grows Enough So We Actually Can Do That, And We'll Still Be Better Off. We Just Don't Be As Well Off As If We Hadn't Done It.