STEEN CAPITAL PARTNERS

Your goal as an investor should be simply to purchase, at a reasonable price, a part interest in an easily understood business whose earnings is virtually certain to be materially higher five, ten, twenty years from now. Over time, you will find only a few companies that meet those standards – so when you see one that qualifies, you should buy a meaningful amount of stock.”

No man can always have adequate reasons for buying or selling stocks daily, or sufficient knowledge to make his play an intelligent play. I proved it… it never was my thinking that made the big money for me. It was always my sitting.”

It is not easy to buy when the news is terrible, prices are collapsing and it is impossible to have an idea where the bottom is. But doing so should be the investor’s greatest aspiration.”

Practical investors usually learn their problem is finding enough outstanding investments, rather than choosing among too many.”