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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.

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The more hard lessons you can learn vicariously rather than through your own hard experience, the better.
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Step by step you get ahead, but rarely in fast spurts.
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All I want to know is where I’m going to die, so I’ll never go there.
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We have found in a long life that one competitor is frequently enough to ruin a business.
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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.
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Go to bed smarter than when you woke up.
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Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?
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You don’t have to have perfect wisdom to get very rich – just a bit better than average over a long period of time.
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The big money is not in the buying and selling, but in the waiting.
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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.
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There is bound to be a regression toward the mean.
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The game of life is the game of everlasting learning. At least it is if you want to win.
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If you don’t keep learning, other people will pass you by. Temperament alone won’t do it – you need a lot of curiosity for a long, long time.
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People always underestimate the ability of earth to increase its carrying capacity.
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A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.
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Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.
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