“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.”

Investing is where you find a few great companies and then sit on your ass.

Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.

Your life must focus on the maximization of objectivity.

I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.

The safest way to get what you want is to deserve what you want.

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.

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

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.

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

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.

All my life’s about is cracking up people and them cracking me up and trying not to think about dying. That doesn’t cost very much money.

Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.

I am always capital short. If I see the opportunity, I will get the money.

The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.

The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.

I believe that sex is one of the most beautiful, natural, wholesome things that money can buy.

Yeah man, they call gambling a disease, but it’s the only disease where you can win a bunch of money.

There are things money can’t buy and hard work can’t win. One of them is happiness.