It’s not greed that drives the world, but envy.

You have to learn to be a follower before you become a leader.

It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.

I think there's something to be said for developing the disposition to own stocks without fretting.

Opportunity cost is a huge filter in life. If you've got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that's the way we filter out buying opportunities.

The game of life is the game of everlasting learning. At least it is if you want to win.

Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.