The more cash that builds up in the treasury, the greater the pressure to piss it away.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

Bargains are the holy grail of the true stockpicker. The fact that 10 to 30 percent of our net worth is lost in a market sell-off is of little consequence. We see the latest correction not as a disaster but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time.

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

The natural-born investor is a myth.

So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.

It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.