Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.
If people want to get to know me better, they've got to know my parents and the values my parents instilled in me, and the fact that I was raised in West Texas, in the middle of the desert, a long way away from anywhere, hardly. There's a certain set of values you learn in that experience.
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.
As long as you ask questions you are breaking through, but the moment you begin to accept, you are psychologically dead. So right through life don't accept a thing, but inquire, investigate. Then you will find that your mind is something really extraordinary, it has no end, and to such a mind there is no death.
As long as you're giving up quality records and you're makin' hit records, people are always gonna want to hear a hit and they'll always want to be attached to something that's doin' great.
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
There's nothing wrong with sexual feelings in themselves, so long as they are straightforward and not sneaking or sly. The right sort of sex stimulus is invaluable to human daily life. Without it the world grows grey.
You could cry, get worried or angry like any other normal human being, as long as you remembered that, up above, your spirit was laughing out loud at all those thorny situations.
I don't mind what the opposition say of me so long as they don't tell the truth about me. But when they descend to telling the truth about me I consider that this is taking an unfair advantage.