Buffett on Modern Portfolio Theory - u pay $30k a year to learn that u should not value companies because market prices them for u #BRK2015

"We're swimming all the time and let the tide take care of itself." - Charlie on investing amid macroeconomic uncertainty. #brk15

Hidden incentive - forecasts create incentives to misbehave - Buffett. (problem with 5 year plans). #BRK2015

@robotleggs #fast Congrats!

"A stock operator has to fight a lot of expensive enemies within himself." --- Reminiscences of a Stock Operator.

Words to live by: "Run the mile you are in." fb.me/1UTgUq68U

Munger on complexity and false confidence

Yogi Berra's best quotes latimes.com/sports/sportsn… ht Jim O'Shaughnessy

New investors: "passive" is in reference to your behavior, not the instrument. The S&P is a criteria-based actively managed portfolio.

The priceless art of not caring fool.com/investing/gene…

Berkshire letter, 1987:

RIGHT...it couldnt be better resumed...8 RIGHTs for a TEAM #elevenrings Phil Jackson

if it is at all reasonable, buy the great things.

"It's been my experience in life if you just keep thinking and reading, you don't have to work." — Charlie Munger

Why most non-finance people are always so confused about the markets via Bill McBride

Patience is a virtue. Virtues are no fun. Train yourself to be patient and you'll never need to worry about having a lot of competition.

How you think matters more than what you know.

"The future does not exist. It’s only a range of possibilities." Howard Marks

I entered the Quicken Loans Hole-In-One Sweeps for a chance to win a year of mortgage payments & you can, too! holeinone2016.dja.com/?promo=pga-tou…