To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

It's better to build than to buy if you can find the right people.

... the best way to own common stocks is through an index fund.

I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.