An ounce of prevention is worth a pound of cure understated.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

Look for companies with high profit margins.

Be brave when others are afraid, and afraid when others are brave.

The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.