"Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like."

🏷 Investing

"I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time"

🏷 Investing

"Coca-Cola is still selling a product that is very, very similar to one that was sold 110-plus years ago"

🏷 Business

"What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital."

🏷 Investing

"The chains of habit are too light to be felt until they are too heavy to be broken."

🏷 Investing