"Rule No. 1: Never lose money; rule No. 2: Don't forget rule No. 1"
"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."
“Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas. ”
― Warren Buffett, CEO Berkshire Hathaway