Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
The investor of today does not profit from yesterday’s growth
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.
There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Time is the friend of the wonderful company, the enemy of the mediocre.
We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.
We enjoy the process far more than the proceeds.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
