It is not necessary to do extraordinary things to get extraordinary results.

You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

Learning how to live is much more important than learning how to make a living.

I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.