“We differ from many value investors in being willing to analyze stocks that look expensive to see if they really are. Most, in fact, are, but some are not. To the extent we get that right, we will benefit shareholders and clients.” – Bill Miller

“Return Driven Strategy provides a clear and concise way of looking at the key issues that drive profitable businesses.” – Samuel C. Scott III

“When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” – Warren Buffett

“Receivables require most careful scrutiny in the case of companies selling goods on a long term payment basis.” – Ben Graham

“It is easy to confuse genius with a bull market.” – Seth Klarman

“Uniform Accounting provides a needed solution—removing many of the inconsistent financial reporting policies. It creates a ‘level playing field’ providing a far clearer view of the financial activity of a firm for investors, creditors, and other users of the financial statements.” – Ralph Nach

“A creative man is motivated by the desire to achieve, not by the desire to beat others.” – Ayn Rand

“Speak and write as if everything you say and type will eventually be heard and read by everyone.” – Joel Litman

“Take the annual filing of any company in the United States or the UK and read the first several pages of the notes to the financial statements. If you don’t understand what’s there, how can you possibly rely on earnings or a P/E?” – Joel Litman

“Money without brains is always dangerous.” – Napoleon Hill

“Make sure everybody in your organization understands the strategy, the destination, and the business objectives. Then, let them execute.” –
Sergio Zyman

“Health is the greatest gift, contentment the greatest wealth, faithfulness the best relationship.” – Gautama Buddha

“I can’t imagine a dead millionaire who wouldn’t trade places with me.” –
John Mathieu, USA Powerlifting Team Coach (and not a millionaire)

“It is quite clear that one way for a company to steer a course through the jungle is to be well-run and soundly governed. Then, the speculators are more likely to leave you alone. Short-sellers look for weakness and when they find it, they act.” – Julian Robertson

“Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.” – Peter Drucker

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” – Warren Buffett

“Set high goals, encourage competition, and then keep score.” – Sam Walton

“Speculative approaches — which pay little or no attention to downside risk
— are especially popular in rising markets.” – Seth Klarman

“How can you trust earnings if you cannot understand the rules that create them? Have you read them? The accounting rules are incomprehensible to even the financial experts.” – Joel Litman

“You can’t conform in business. If you adhere to conventional wisdom, if you do everything everyone else does, you’re going to lose.” – Larry Ellison