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"The most important investment you can make is in yourself." “Price is what you pay. Value is what you get.” “You only have to do a very few things right in your life so long as you don’t do too many things wrong” "I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business." "One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future." "Do not take yearly results too seriously. Instead, focus on four or five-year averages." “I read and think” “It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.” "The difference between successful people and really successful people is that really successful people say no to almost everything." "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." “Someone’s sitting in the shade today because someone planted a tree a long time ago.” “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1” "I just sit in my office and read all day" "The best chance to deploy capital is when things are going down." “Risk comes from not knowing what you’re doing” "Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market." “Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing.” "The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time."

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