If past history was all there was to the game, the richest people would be librarians.
If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
In the business world, the rear view mirror is always clearer than the windshield.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.’
Let blockheads read what blockheads wrote.
Look at market fluctuations as your friend rather than your enemy: profit from folly rather than participate in it.
