The most important thing to do if you find yourself in a hole is to stop digging.
It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
When you combine ignorance and leverage, you get some pretty interesting results.
An investor should act as though he had a lifetime decision card with just twenty punches on it.
Keep all your eggs in one basket, but watch that basket closely.
Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.
If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.
The big money is not in the buying and selling, but in the waiting.
We have three baskets for investing: yes, no and too tough to understand.
Almost all good businesses engage in ‘pain today, gain tomorrow’ activities.
All intelligent investing is value investing – acquiring more than you are paying for. You must value the business in order to value the stock.
The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.
Never, ever, think about something else when you should be thinking about the power of incentives.