“With Each Investment You Make, You

If I Subscribed To The Efficient Market Theory I Would Still Be Delivering Papers

Mr. Market Is Kind Of A Drunken Psycho. Some Days He Gets Very Enthused, Some Days He Gets Very Depressed. And When He Get Really Enthused You Sell To Him, And If He Gets Depressed, You Buy From Him. There's No Moral Taint Attached To That.

That Which Is Not Worth Doing At All Is Not Worth Doing Well.

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

“I Do Not Like Debt And Do Not Like To Invest In Companies That Have Too Much Debt, Particularly Long-term Debt. With Long-term Debt, Increases In Interest Rates Can Drastically Affect Company Profits And Make Future Cash Flows Less Predictable.”