“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.”

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.

Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.

A great business at a fair price is superior to a fair business at a great price.

It’s a good habit to trumpet your failures and be quiet about your successes.

Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.

Hard work, honesty, if you keep at it, will get you almost anything.

It’s not greed that drives the world, but envy.

It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.

Step by step you get ahead, but rarely in fast spurts.

Someone will always be getting richer faster than you. This is not a tragedy.

Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.

If you want to understand science, you have to understand math. In business, if you’re enumerate, you’re going to be a klutz. The good thing about business is that you don’t have to know any higher math.

It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.

The way to win is to work, work, work, work and hope to have a few insights And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.

It’s been my experience in life if you just keep thinking and reading, you don’t have to work.

Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.

I did standup while still working for Johnny Carson in the mid-’60s, thus gaining the advantage of at least getting laughs from him about how I hadn’t the night before.

An election is nothing more than the advanced auction of stolen goods.

Don’t be afraid to challenge the pros, even in their own backyard.

There’s this idea that because I’m a heavyweight, I’m not supposed to be in condition, that I should take advantage of the fact that I can eat. But I train and eat well, and it shows when I step on the scales.

The liberty of thinking and publishing whatsoever each one likes, without any hindrances, is not in itself an advantage over which society can wisely rejoice. On the contrary, it is the fountainhead and origin of many evils.

Politics: A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage.

The world is so full of people who are grabbing and self-seeking. So the rare individual who unselfishly tries to serve others has an enormous advantage. He has little competition.

To govern is always to choose among disadvantages.