We Like To Buy Businesses, But We

Earnings Can Be Pliable As Putty When A Charlatan Heads The Company Reporting Them.

Exercise Humility And Restraint.

If You Want Your Business To Survive For 100 Years, You've Got To Make It Through Every Single Day For 100 Years. It's Not Enough To Do It 99.9% Of The Time.

“It’s Far Better To Buy A Wonderful Company At A Fair Price Than A Fair Company At A Wonderful Price.”

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