Very successful people say no to almost everything.
Always invest for the long term.
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
If you can’t read the scoreboard, you don’t know the score. If you don’t know the score, you can’t tell the winners from the losers.
Accounting is the language of business.
Never depend on a single income. Make investments to create a second source.
A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That’s what drives the academics crazy. They can compute standard deviations and betas, but they can’t understand moats.
We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
Focus on return on equity, not earnings per share.
Investment must be rational; if you can’t understand it, don’t do it.
It’s much easier to stay out of trouble now than to get out of trouble later.
We don’t read other people’s opinions. We want to get the facts, and then think.
Don’t ever let someone tell you that you can’t do something. You got a dream, you gotta protect it. When people can’t do something themselves, they are going to tell you that you can’t do it. You want something, go get it. Period.
You are free to choose, but the choices you make today will determine what you have, be, and do in the tomorrow of your life.
For every sale you miss because you’re too enthusiastic, you will miss a hundred because you’re not enthusiastic enough.
Make the work you are doing today better than the work you did yesterday.
Success isn’t overnight. It’s when every day you get a little better than the day before. It all adds up.
The first step to achieving your goal, is to take a moment to respect your goal. Know what it means to you to achieve it.
If you have made a mistake cut your losses as quickly as possible.