The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

When bills come due, only cash is legal tender. Don't leave home without it.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.

If knowing history made you rich, librarians would be billionaires.

Take the job you would take if you were independently wealthy. You're going to do well at it.