We don't like trading agony for money

I think there's something to be said for developing the disposition to own stocks without fretting.

The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.

An idea or a fact is not worth more merely because it's more available to you.

The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.

There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.

If you rise in life, you have to behave in a certain way. You can go to a strip club if you're a beer-swilling sand shoveler, but if you're the Bishop of Boston, you shouldn't go.