The most important thing to do if you find yourself in a hole is to stop digging. - Warren Buffett

In fact, when Warren Buffett was once asked about the key to success, he pointed to a stack of nearby books and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.

Our Graham & Dodd investors... do not discuss beta, the or in returns among securities. ...[M]ost of them would have difficulty defining these terms. The investors simply focus on two variables: price and value.

My favourite holding period is forever