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  • Correct Reasoning Is Stressed Over Verifiable Hypotheses; And Causal Relationships Are Stressed Over Correlative Relationships.
  • The London Market Insures Large Commercial Risks Such As Supermarkets, Football Players And Other Very Specific Risks.
  • To Be A Value Investor, You Don’t Have To Value The Business Precisely – But, You Do Have To Value The Business.
  • If Your Car Requires An Immediate Repair, Or You Receive A Surprise Bill, Scrambling To Borrow Money Is Humiliating And Frustrating.
  • Stocks Need Attention To Have Liquidity, Which Basically Means That For It To Sell It Must Have Value.

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