Do not let anyone else run your business.

I believe that market prices are always wrong in the sense that they present a biased view of the future. But distortion works in both directions: not only do market participants operate with a bias, but their bias can also influence the course of events.

The four most dangerous words in investing are 'This time it's different'.

Markets are fundamentally volatile. No way around it. Your prolem is not in the math. There is no math to get you out of having to experience uncertainty.

The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.

For any company, you need to have an overarching philosophy to guide operations for profitability.