You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

As far as you are concerned, the stock market does not exist. Ignore it.

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

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

You get in a lot of trouble when you start putting fictitious numbers.

You need a lot of curiosity for a long, long time.

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.