If we can’t find things within our circle of competence, we don’t expand the circle. WE WILL WAIT.

You can’t make a good deal with a bad person.

Invest in the share i.e. PART OF COMPANY BUSINESS, if it has a better chance to give you returns rather than investing in your own business.

There will always be things going on with governments in the world and it generally doesn’t make a difference.

WHAT MAKES DIFFERENCE IS RIGHT BUSINESS run by RIGHT PEOPLE.

FOCUS ON COMPANY, not markets.

Do not be afraid of mistakes, WE MAKE A LOT OF MISTAKES realized only after a loss.

There are times when DOING NOTHING is investing brilliance.

Let others overreact to market. To succeed, you need to remain cool when others are panicky.

Shares are not a piece of paper. They represent PART OWNERSHIP OF A BUSINESS. While investing think like a prospective owner.

Investing = Picking good companies at good times and staying with them as long as they are good companies.

Look MARKET FLUCTUATIONS AS FRIEND rather than an enemy. Profit from folly rather than participate in it.

Be fearful when others are greedy. Be greedy when others are fearful.

BUY A BUSINESS. Don’t rent stocks.

If you had a wonderful farm and you know that out of next 50 years, it will be great times for 45 years but there will be a drought in 5 years, you will not panic in those 5 years.