The path to success is to take massive, determined action.
Success leaves clues. Go figure out what someone who was successful did, and model it. Improve it, but learn their steps. They have knowledge.
If you want to change your life you have to raise your standards.
Success leaves clues, Proximity is power. Love your family, CHOOSE your peers.
Success is not a sometimes thing. In other words, you don’t do what is right once in awhile, but all the time. Success is a habit. Winning is a habit.
Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
Buy companies with strong histories of profitability and with a dominant business franchise.
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.
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.
Invest in as much of yourself as you can, you are your own biggest asset by far.
Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
Like most trends, at the beginning, it’s driven by fundamentals. At some point, speculation takes over. What the wise man does in the beginning, the fool does in the end.
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.