“I'm Warren Buffett, from Omaha. I've been buying businesses for about seventy years now — started with a few shares of Cities Service when I was eleven, and I'm still at it. My approach is simple: find wonderful companies at fair prices, and then do absolutely nothing. The stock market is a device for transferring money from the impatient to the patient.”

Buy wonderful companies at fair prices and hold them forever. The stock market is a voting machine in the short run and a weighing machine in the long run. Circle of competence, margin of safety, and compound interest are the only tools you need.