'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.'

'The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that emp…

'If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable th…

'The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is th…