The general systems of money management [today] require people to pretend to do something they can't do and like something they don't. It's a terrible way to spend your life, but it's very well paid.

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to spot problems at companies like Royal Dutch [Shell].

Intense interest in any subject is indispensable if you're really going to excel in it.

The world is getting very much more competitive.

It’s not greed that drives the world, but envy.