Keep on the lookout for novel ideas that others have used successfully. Your idea has to be original only in its adaptation to the problem you’re working on.
The value of an idea lies in the using of it.
Ninety-nine percent of people believe they can’t do great things, so they aim for mediocrity.
You can lose money and make it back, you can’t do that with time.
If you talk about it, it’s a dream, if you envision it, it’s possible, but if you schedule it, it’s real.
Most people know what to do, but they don’t do what they know – because they haven’t found their inner drive. Their passion.
Execution will trump knowledge every day of the week.
Big doors swing on little hinges.
We don’t make movies to make money, we make money to make more movies.
If you don’t find a way to make money while you sleep, you will work until you die.
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
My favorite holding period is forever.
If book knowledge made great investors, then the librarians would all be rich.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Only when the tide goes out do you discover who’s been swimming naked.
With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when.
Everybody’s got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
The first rule is not to lose. The second rule is not to forget the first rule.
I made my first investment at age eleven. I was wasting my life up until then.