30 Tips about Success

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I’m at a stage in my career where I’d say human behavior is the most important determinant of a business’s long-term success. I don’t care how...
I like to see multiple levers in an investment that will allow me to win. I think your margin of safety is directly correlated to the number of...
Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In...
An early mentor of mine started out during the Depression and used to always say we were in the rejection business – that we’re paid to be cynical...
Don't learn the tricks of the trade. Learn the trade.
Over a long career you learn a certain humility and are quicker to attribute success to luck rather than your own brilliance. I think that makes you a...
I can't figure the stock market out. I think it's wacky. I have done well with a long term strategy and will continue being a long term investor.
You obviously have to get your analysis right to be a great investor, but success also comes down to patience. We think of ourselves as like a lion...
One of the characteristics of successful [person] is having courage. Once you get your courage up and believe that you can do important problems, then...
The art of what we do is in the interpretation of data produced by our valuation model and deciding what to actually buy and sell. Here you need to...
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