By THOUSIF INC
1. “Never invest in a business you cannot understand.”
2. “Our favourite holding period is forever.”
3. “Opportunities come infrequently. When it rains gold, put out the buck, not the thimble.”
4. “The idea of excessive diversification is madness.”
5. “Remember that the stock market is a manic depressive.”
6. “It is not supposed to be easy. Anyone who finds it easy is stupid.”
7. “Price is what you pay. Value is what you get.”
8. “Management changes, like marital changes, are painful, time-consuming, and chancy.”
9. “The stock market is filled with individuals who know the price of everything but the value of nothing.”
10. “Diversification is a protection against ignorance. But, unfortunately, it makes very little sense for those who know what they are doing.”
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