Spend each day trying to be a little wiser than you were when you woke up.

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

I don't want to understand Facebook.

The liabilities are always 100 percent good. It's the assets you have to worry about.

The only intelligence investing is value investing...to acquire more than one is paying for.

It's very useful to have a good grasp of all the big ideas in hard and soft science. A, it gives perspective. B, it gives a way for you to organize and file away experience in your head, so to speak.

Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious. They remind me of Mark Twain's saying, 'A mine is a hole in the ground owned by a liar.' Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself.