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.
Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.
Risk comes from not knowing what you’re doing.
Never invest in a business you can’t understand.
In the business world, the rearview mirror is always clearer than the windshield.
I measure success by how many people love me.
Nobody buys a farm based on whether they think it’s going to rain next year. They buy it because they think it’s a good investment over 10 or 20 years.
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
The most important investment you can make is in yourself.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Without passion, you don’t have energy. Without energy, you have nothing.
The rich invest in time, the poor invest in money.
Tell me who your heroes are and I’ll tell you who you’ll turn out to be.
If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.
Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
Our favorite holding period is forever.
Successful investing takes time, discipline and patience. No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
Honesty is a very expensive gift, Don’t expect it from cheap people.
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
It is not necessary to do extraordinary things to get extraordinary results.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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