"Wide diversification is only required when investors do not understand what they are doing."
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
"Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful."
"Your premium brand had better be delivering something special, or it's not going to get the business."
"Our favorite holding period is forever."
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