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All else being equal, invest in the company with the fewest color photographs in the annual report.

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Never invest in any company before you’ve done the homework on the company’s earnings prospects, financial condition, competitive position, etc.

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Behind every stock is a company. Find out what it’s doing.

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You can outperform the experts if you use your edge by investing in companies or industries you already understand.

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My idea of a great business is one that has a shortage of competitors.

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A person who owns property and has a stake in the enterprise is likely to work harder and feel happier and do a better job than a person who doesn.

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Big companies have small moves, small companies have big moves.

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All you need for a lifetime of successful investing is a few big winners,and the pluses from those will overwhelm the minuses from the stocks that don’t work out.

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The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders.

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Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

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