Turnarounds Seldom Turn.

Focus On Return On Equity, Not Earnings Per Share.

Anything Can Happen Anytime In Markets. And No Advisor, Economist, Or Tv Commentator-and Definitely Not Charlie Nor I-can Tell You When Chaos Will Occur. Market Forecasters Will Fill Your Ear But Will Never Fill Your Wallet.

I'll Tell You Why I Like The Cigarette Business. It Cost A Penny To Make. Sell It For A Dollar. It's Addictive. And There's A Fantastic Brand Loyalty.

We Have A Country Where I Don't Know Whether It's A Million Households A Year Or More, But Good Form.

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