Wall Street makes its money on activity. You make your money on inactivity.

Of our 49 billion, we haven't moved any to Bitcoin

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

... not doing what we love in the name of greed is very poor management of our lives.

You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.

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

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock