It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.

Those who keep learning, will keep rising in life

What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.

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.

The theory of modern education is that you need a general education before you specialize. And I think to some extent, before you're going to be a great stock picker, you need some general education.

I regard it as very unfair, but capitalism without failure is like religion without hell.

The ethos of not fooling yourself is one of the best you could possibly have. It's powerful because it's so rare.