Be fearful when others are greedy and greedy when others are fearful.
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
There is no dignity quite so impressive, and no independence quite so important, as living within your means.
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
Everything comes to him who hustles while he waits.
When you combine ignorance and leverage, you get some pretty interesting results.
The difference between successful people and really successful people is that really successful people say no to almost everything.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
If past history was all that is needed to play the game of money, the richest people would be librarians.
We have three baskets for investing: yes, no and too tough to understand.
What you have to learn is to fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does come.
All intelligent investing is value investing – acquiring more than you are paying for. You must value the business in order to value the stock.
Spend each day getting a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve.
Without numerical fluency, in the part of life most of us inhabit, you are like a one-legged man in an ass-kicking contest.