You Don't Ever Ask A Barber Whether

You Should Invest In A Business That Even A Fool Can Run, Because Someday A Fool Will.

When Asked How He Became So Successful In Investing, Buffett Answered: 'we Read Hundreds And Hundreds Of Annual Reports Every Year.

It's Easy To Identify Many Investment Managers With Great Recent Records. But Past Results, Though Important, Do Not Suffice When Prospective Performance Is Being Judged. How The Record Has Been Achieved Is Crucial.

You Know ... You Keep Doing The Same Things And You Keep Getting The Same Result Over And Over Again.

I Knew A Lot About What I Did When I Was 20. I Had Read A Lot, And I Aspired To Learn Everything I Could About The Subject.