“To me, it’s obvious that the winner has to bet very selectively. It’s been obvious to me since very early in life. I don’t know why it’s not obvious to very many other people.”

The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.

You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave here.

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It’s just that simple.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

In my whole life, I have known no wise people who didn’t read all the time – none … ZERO.

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.

Never, ever, think about something else when you should be thinking about the power of incentives.

Common stock investors can make money by predicting the outcomes of practice evolution. You can’t derive this by fundamental analysis – you must think biologically.

When you locate a bargain, you must ask, ‘Why me, God? Why am I the only one who could find this bargain?’

All I want to know is where I’m going to die, so I’ll never go there.

Go to bed smarter than when you woke up.

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.

Trust me. I get up 530-6 every morning. I’m in the gym. I run a couple miles. I lift weights, and then I’m at work until 8-9 o’clock at night.

She was one of those Southerners who knew from an early age that the South could never be more for them than a fragrant prison, administered by a collective of loving but treacherous relatives.

I’m an early riser. I work out really hard. I push myself; I get my job done, and at the end of the day, there’s a Guinness waiting for me.

I get up at 5 A.M., and I train hard. I’ve got two young children, so I have to get up early. But I like it.

Time goes by so fast. Nothin’ can outrun it. Death commences too early–almost before you’re half-acquainted with life–you meet the other.

The morale and the camaraderie that we had for one another earlier in the year is starting to come under duress because of all the losses. Some of the guys are feeling the pressure now from the last year when they were not successful.

I learned early in sports that to be effective – for a player to play the best he can play – is a matter of concentration and being unaware of distractions, positive or negative.

Kids are generally rotten until the age of about six, when they become people.