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.

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 balance between confidence and humility is best learned through extensive experience and mistakes.

A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

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.

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

In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.