You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

If I subscribed to the efficient market theory I would still be delivering papers

A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

The purpose of life is to be loved by as many people as possible among those you want to have love you