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

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To the man with only a hammer, every problem looks like a nail.
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Most people are too fretful, they worry to much. Success means being very patient, but aggressive when it’s time.
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Great investing requires a lot of delayed gratification.
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If you can buy the best companies, over time the pricing takes care of itself.
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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.
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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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I did not succeed in life by intelligence. I succeeded because I have a long attention span.
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Show me the incentive and I will show you the outcome.
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Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.
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Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy.
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Someone will always be getting richer faster than you. This is not a tragedy.
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Go to bed smarter than when you woke up.
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