"Capital goes where it is welcome and stays where it is well treated."
"You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term."
"I argue that the market doesn’t really exist. It’s just a big average."
"From a high level, I don’t think there’s much difference between a value investor and a growth investor. Both are attempting to buy a business for less than its intrinsic long-term worth. They simply look for that mispricing in different parts of a company’s lifecycle."
"You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term."
"I argue that the market doesn’t really exist. It’s just a big average."
"From a high level, I don’t think there’s much difference between a value investor and a growth investor. Both are attempting to buy a business for less than its intrinsic long-term worth. They simply look for that mispricing in different parts of a company’s lifecycle."