You Know, With Your Money And My

If You Understood A Business Perfectly And The Future Of The Business, You Need Very Little In The Way Of A Margin Of Safety.

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.

The Fundamental Basis Of Above-average Performance In The Long Run Is Sustainable Competitive Advantage.

If Horses Had Controlled Investment Decisions, There Would Have Been No Auto Industry.

Energy Deregulation Will Be The Largest Transfer Of Wealth In History.