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

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

Only when you combine sound intellect with emotional discipline do you get rational behavior.

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses

It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.