We make investment decisions based on our evaluation of the most profitable combination of probabilities.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

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

The only way to be loved is to be loveable, which really irritates me.

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.