“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.”

Show me the incentive and I will show you the outcome.

There’s no way that you can live an adequate life without many mistakes. In fact, one trick in life is to get so you can handle mistakes. Failure to handle psychological denial is a common way for people to go broke.

I’m right, and you’re smart, and sooner or later you’ll see I’m right.

If you get into the mental habit of relating what you’re reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

If we’ve been a little more successful than other people, is because we always realised that the school of life was always open, and if you were not learning more you are falling behind.

People always underestimate the ability of earth to increase its carrying capacity.

Move only when you have an advantage. It’s very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.

I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge.

The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.

You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here.

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.

The average result has to be the average result. By definition, everybody can’t beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That’s just the way it is.

To me, it’s obvious that the winner has to bet very selectively. It’s been obvious to me since very early in life. I don’t know why it’s not obvious to very many other people.

Never, ever, think about something else when you should be thinking about the power of incentives.

No honest man will argue on every side.

The truth is always the strongest argument.

Sugar is responsible for a lot of deaths. Arguably more than crack cocaine.

The people of Nebraska are for free silver and I am for free silver. I will look up the arguments later.

I have just as many liberal ideas as I have conservative ideas that I argue with myself sometimes.

An argument fatal to the communist theory, is suggested by the fact, that a desire for property is one of the elements of our nature.

Whenever one refuses to admit such a self-evident truth, for instance, as that it is wrong to steal, don’t argue with him-search him; the reason may be found in his pocket.

At a certain age I just stopped arguing. I realized that there was no way [my father] could see, because for him to approve of what I was doing, he would have to have some belief in me as a musician.