“If the value of a company doesn’t just scream out at you, it’s too close.”

To the man with only a hammer, every problem looks like a nail.

There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

The best thing a human being can do is to help another human being know more.

The more hard lessons you can learn vicariously rather than through your own hard experience, the better.

I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.

Acknowledging what you don’t know is the dawning of wisdom.

A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”

There is bound to be a regression toward the mean.

You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.

I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.

If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.

If you can buy the best companies, over time the pricing takes care of itself.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.

Involving yourself with the wrong people can stunt your growth.

Avoid people who drain your positivity and dim your light.

Be careful of the ones that always wanna get you high, cause when the time comes, that one’ll let you die.

The company you keep has a large influence on the situations you bring to yourself. Birds of a feather flock together.

To read a writer is for me not merely to get an idea of what he says, but to go off with him and travel in his company.

You might be afraid of being alone now. But soon you will be afraid of having the wrong people as company.

In other people’s company I felt I was dull, gloomy, unwelcome, at once bored and boring.

Truth is not to be found outside. No teacher, no scripture can give it to you. It is inside you and if you wish to attain it, seek your own company. Be with yourself.