I Think The Most Important Factor In

I Look For Businesses In Which I Think I Can Predict What They're Going To Look Like In Ten To Fifteen Years Time. Take Wrigley's Chewing Gum. I Don't Think The Internet Is Going To Change How People Chew Gum.

Never Invest In A Business You Don't Understand.

First Come The Innovators, Then Come The Imitators, Then Come The Idiots.

No Matter How Great The Talent Or Efforts, Some Things Just Take Time.

Our Goal Is To Find An Outstanding Business At A Sensible Price, Not A Mediocre Business At A Bargain Price.