No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking.

All successful investment involves trying to get into something where it's worth more than you're paying. That's what successful investing is.

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it - even though others may hesitate or differ.

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock

It can be very expensive to try to convince the markets you are right.

You can't wait for an opportunity to become obvious.