I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in the process, as much as in its end.

Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

The markets are always changing, and the successful trader needs to adapt to these changes.

You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth.

Part of my attraction to ancient art is that there is an element of risk, of speculation.

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view.