“You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.”

To the man with only a hammer, every problem looks like a nail.

There are worse situations than drowning in cash and sitting, sitting, sitting. I remember when I wasn’t awash in cash — and I don’t want to go back.

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

The best thing a human being can do is to help another human being know more.

The more hard lessons you can learn vicariously rather than through your own hard experience, the better.

I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.

Acknowledging what you don’t know is the dawning of wisdom.

A foreign correspondent, after talking to me for a while, once said: “You don’t seem smart enough to be so good at what you’re doing. Do you have an explanation?”

There is bound to be a regression toward the mean.

I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.

If you don’t allow for self-serving bias in the conduct of others, you are, again, a fool.

If you can buy the best companies, over time the pricing takes care of itself.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.

I think that, every time you saw the word EBITDA, you should substitute the word “bullshit” earnings.

How many times have we come away from an argument wishing we had said and done something different?

If you argue with a madman, it is extremely probable that you will get the worst of it; for in many ways his mind moves all the quicker for not being delayed by the things that go with good judgment.

I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state.

Crime can be a unifying argument – not an argument that people use as a code for us vs. them.

I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.

Equals argue – win or lose. Superiors just say it and win.

Let your words be of velvet and your arguments of the steel.

Of course poets have morals and manners of their own, and custom is no argument with them.