We Really Can Say No In 10

Our Policy Is To Concentrate Holdings. We Try To Avoid Buying A Little Of This Or That When We Are Only Lukewarm About The Business Or Its Price. When We Are Convinced As To Attractiveness, We Believe In Buying Worthwhile Amounts.

“Either They’re Trying To Con You Or They’re Trying To Con Themselves.”

Asset Values And Earning Power Are The Dominant Factors Affecting The Valuation Of A Controlling Interest In A Business. Market Price, Which Governs Valuation Of Minority Interest Positions, Is Of Little Or No Importance In Valuing A Controlling Interest.

Money Is Not Everything. Make Sure You Earn A Lot Before Speaking Such Nonsense.

When They Get Their Ego Involved, People Do Things They Shouldn't Do.