Look for a business that is doing the same thing today that was doing a decade ago.
Don’t think about the stock in the short term. Think about the business in the long term.
If you don’t have a good idea of what the business is going to be like in 10 years, then you do not understand the business.
Do not dart in and out of the market. Frequent trading leads to mounting losses.
A public-opinion poll is no substitute for thought.
Chains of habit are too light to be felt until they are too heavy to be broken.
I buy expensive suits. They just look cheap on me.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
If a business does well, the stock eventually follows.
