Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."

Money is not everything. Make sure you earn a lot before speaking such nonsense.

I am a better investor because I am a businessman, and a better businessman because I am no investor.

Either they're trying to con you or they're trying to con themselves.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.