The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

Taking jobs to build up your resume is the same as saving up sex for old age.

Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.

Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.