Good businesses can survive a little bad management.

As I continued through Cicero's pages, I found much more material celebrating my way of life.

Intense interest in any subject is indispensable if you're really going to excel in it.

Remember that reputation and integrity are your most valuable assets - and can be lost in a heartbeat.

Suppose you were a real estate investor with a 1/3 interest in the best apartment complex in town, the best mall, and the best office building. Would you feel like a poor, undiversified investor? No! But as soon as you get into stocks, people feel this way. Partly, people need to justify their fees.

I think the notion...that liquidity is this - of tradable common stock - is a great contributor to capitalism - I think that is mostly twaddle... The liquidity gives us these crazy booms, which have many problems as well as virtues.

If it is wisdom you're after, you're going to spend a lot of time on your ass reading.