6 Tips about Stock Selection

When you are evaluating any investment, you must compare it to every other available investment, including ones you may already own. Instead, many...
There's a clarity that comes with great ideas: You can explain why something's a great business, how and why it's cheap, why it's cheap for temporary...
In our opinion, the real risk an investor must assess is whether his aggregate after-tax receipts from an investment (including those he receives on...
When investing, we view ourselves as business analysts -- not as market analysts, not as macroeconomic analysts, and not even as security analysts.
Stock picking can't be reduced to a simple formula or a recipe that guarantees success if strictly adhered to.
Our new commitments are not based on a judgment about short-term prospects for the stock market. Rather, they reflect an opinion about long-term...