A public-opinion poll is no substitute for thought.

Enjoy your work and work for whom you admire.

If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.

It's good to learn from your mistakes. It's better to learn from other people's mistakes.

The trick is, when there is nothing to do, do nothing.

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.