Intensity is the price of excellence.
It’s not that I want money. It’s the fun of making money and watching it grow.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Very successful people say no to almost everything.
Money will not change how healthy you are or how many people love you.
If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
If you buy the things you don't need, you will soon be selling the things that you need.
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.
I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see.
I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Always invest for the long term.
Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn; the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
You don't have to be a genius to invest well
You only have to do a very few things right in your life so long as you don't do too many things wrong.
It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
First come the innovators, then come the imitators, then come the idiots.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
The power of unconditional love. I mean, there is no power on earth like unconditional love.
