“What’s Hot Today Isn’t Likely To

Take Wrigley's Chewing Gum. I Don't Think The Internet Is Going To Change How People Chew Gum.

Let Blockheads Read What Blockheads Wrote.

If You're In A Card Game And You Can't Figure Out Who The Patsy Is, You're It.

If You Know How To Value Businesses, It's Crazy To Own 50 Stocks Or 40 Stocks Or 30 Stocks, Probably Because There Aren't That Many Wonderful Businesses Understandable To A Single Human Being In All Likelihood. To Forego Buying More Of Some Super-wonderful Business And Instead Put Your Money Into #30 Or #35 On Your List Of Attractiveness Just Strikes Charlie And Me As Madness.

You Have Hedge Funds And People Like That Buying These Assets To Yield 15 Or 20 Percent, I Mean, That's The Buyer For These People That Are Trying To Unload Them.