Never buy anything that you can't illustrate on the back of a napkin.

The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Never invest in anything that cannot be illustrated with a crayon

If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.