If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

We've got more productive capacity now than we ever have.

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

Mr. Market is your servant, not your guide.