How you behave in one place, will help in surprising ways later.

The idea of excessive diversification is madness.

Never, ever, think about something else when you should be thinking about the power of incentives.

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.

If you can buy the best companies, over time the pricing takes care of itself.

It would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn't.

I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.