“You Can't Produce A Baby In

We Have Learned To Turn Out Lots Of Goods And Services, But We Haven't Learned As Well How To Have Everybody Share In The Bounty. The Obligation Of A Society As Prosperous As Ours Is To Figure Out How Nobody Gets Left Too Far Behind.

Be Fearful When The Markets Get Greedy, Be Greedy When The Markets Get Fearful.

There Are All Kinds Of Businesses That Charlie And I Don't Understand, But That Doesn't Cause Us To Stay Up At Night. It Just Means We Go On To The Next One, And That's What The Individual Investor Should Do.

Don't Invest In Pieces Of Papers (stocks), Invest In Great Businesses Underlying Them

We Will Reject Interesting Opportunities Rather Than Over-leverage Our Balance Sheet.