The best thing that happens to us is when a great company gets into temporary trouble… We want to buy them when they’re on the operating table.
“I buy on the assumption that they could close the market the next day and not reopen it for 5 years”
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
“Benign neglect, bordering on sloth, remains the hallmark of our investment process.”