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.

Invest in businesses any idiot could run, because someday one will.

It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.

You have to keep your priorities straight if you plan to do well in stocks.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.

I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'

You can't see the future through a rearview mirror