“It’s stupid the way people extrapolate the past — and not slightly stupid, but massively stupid.”

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.

A lot of our respected financial institutions are just casinos in drag.

Knowing what you don’t know is more useful than being brilliant.

Intelligent people make decisions based on opportunity costs.