You can't buy what is popular and do well.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

The important thing is to keep playing, to play against weak opponents and to play for big stakes.

I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.

An investor needs to do very few things right as long as he or she avoids big mistakes.

You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.

If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.