Taking jobs to build up your resume is the same as saving up sex for old age.

If principles can become dated, they're not principles.

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see.

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

Earnings can be pliable as putty when a charlatan heads the company reporting them.