“You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.”

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

We don’t like trading agony for money

This is a good life lesson: getting the right people into your system is the most important thing you can do.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

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.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

The game of life is the game of everlasting learning. At least it is if you want to win.

I don’t spend much time regretting the past, once I’ve taken my lesson from it. I don’t dwell on it.

It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.

The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.

Any year that you don’t destroy one of your best-loved ideas is probably a wasted year.

A great business at a fair price is superior to a fair business at a great price.

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.

Women, because they are not generally the principal breadwinners, can be perhaps most useful as the trail blazers, working along the bypaths, doing the unusual job that men cannot afford to gamble on.

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

Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.

I don’t like to gamble, but if there’s one thing I’m willing to bet on, it’s myself.

Marriage is a gamble, let’s be honest.

Gamble everything for love, if you’re a true human being.

Whomever lives, gambles with life.

I would rather gamble on our vision than make a ‘me, too’ product.