“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.”

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

We don’t like trading agony for money

This is a good life lesson: getting the right people into your system is the most important thing you can do.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

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.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

The game of life is the game of everlasting learning. At least it is if you want to win.

I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.

It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.

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.

Those who have failed to work toward the truth have missed the purpose of living.

Some people dream of success, while others wake up and work hard at it.

If not now then when, if not me then who?

There is no substitute for hard work.

Your life does not get better by chance, it gets better by change.

Whatever your dream is, every extra penny you have needs to be going to that.

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

I’ve always taken things very seriously, since I was very young, and that’s reflected in my career.