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

I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

... the best way to own common stocks is through an index fund.

Returns decrease as motion increases.

Our favorite holding period is forever.