In Investing, Just As In Baseball, To

I Have A House That I Bought 55 Years Ago. It's Warm In The Winter; It's Cool In The Summer. It Has Everything I Wanted, Plus It Has All Kinds Of Good Memories. Like My Kids, I Have Good Thoughts About That. I Can't Imagine Living Any Better.

In The Long Run Managements Stressing Accounting Appearance Over Economic Substance Usually Achieve Little Of Either.

As Far As You Are Concerned, The Stock Market Does Not Exist. Ignore It.

Knowing The Edge Of Your Competency Is Important. If You Think You Know More Than You Do, You Will Get In Trouble.

Two Rules: 1. Preserve The Principal 2. When In Doubt, See Rule #1.