Wall Street has too much wealth and political power.

Darwin paid particular attention to disconfirming evidence. Objectivity maintenance routines are totally required in life if you're going to be a great thinker.

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.

The only way to win is to work, work, work, work, and hope to have a few insights

The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and bets and the odds change based on what's bet. That's what happens in the stock market.

It's dangerous to short stocks.

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.