The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

Money will always flow toward opportunity, and there is an abundance of that in America.

Forecasts usually tell us more of the forecaster than of the forecast

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

I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.

In a commodity business, it's very hard to be smarter than your dumbest competitor.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.