Buy stock in a business that's so good that an idiot can run it, because sooner or later one will. - Warren Buffett

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.

Despite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are.