Here's one truth that perhaps your typical investment counselor would disagree with: if you're comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what?! Someone will always be getting richer faster than you. This is not a tragedy.

We’re partial to putting out large amounts of money where we won’t have to make another decision.

Expect hogs to eat a lot more in the presence of a lot of hog wash.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

We try more to profit from always remembering the obvious than from grasping the esoteric.

I don't invest in what I don't understand. And I don't want to understand Facebook.