If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

Never invest in a business you can't understand

When you combine ignorance and leverage, you get some pretty interesting results.

Money will not change how healthy you are or how many people love you.

Of our 49 billion, we haven't moved any to Bitcoin

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

Never lie under any circumstances.