*If a business does well, the stock eventually follows.
*It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
*Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
*Our favorite holding period is forever.
*2Wide diversification is only required when investors do not understand what they are doing.
***Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
-Warren Buffet-