Determine value apart from price; progress apart from activity; wealth apart from size
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful
The enemy of investment success is activity
Before enlightenment, chop wood, carry water. After enlightenment, chop wood, carry water.
Mimicking the herd invites regression to the mean
Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price
Individuals who cannot master their emotions are ill-suited to profit from the investment process
Men who can both be right and sit tight are uncommon
Price is what you pay. Value is what you get
Operations for profit should be based not on optimism but on arithmetic.
November 10, 2016
Investor Podcast #2: Preparing for Higher Interest Rates
October 25, 2016
Investor Podcast #1: Passive vs. Active Investing