Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade.

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

Intelligent people make decisions based on opportunity costs.

Mimicking the herd invites regression to the mean.

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

The big money is not in the buying and selling ... but in the waiting.

Great investing requires a lot of delayed gratification.

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

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

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.

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

O miracle—thus to be able to give [peace] we ourselves do not possess, sweet miracle of our empty hands!

My son hit his head on a couch and pushed it away. He never went near that couch again. It is amazing what and 1 year old boy can teach you about life.

As I reflect on all my friends and colleagues in my life on this special occasion... Mother is only half the word that immediately comes to mind.

All these experiments I've done over the years with technology have been asking whether I can tell stories that affect humans in a deeper way than I could without the technology.

One rainy Sunday when I was in the third grade, I picked up a book to look at the pictures and discovered that even though I did not want to, I was reading. I have been a reader ever since.

Absolute certainty will always elude us. We will always be mired in error. The most each generation can hope for is to reduce the error. . . .

We may not be able to prepare the future for our children, but we can at least prepare our children for the future.

God listens for nothing so tenderly, as when His children help each other by their testimonies to His goodness and the way in which He has brought them deliverance.

But, though persecuting malice raged, yet the Gospel shone with resplendent brightness; and, firm as an impregnable rock, withstood the attacks of its boisterous enemies with success.

I seriously doubt that the Santa police do an underwear check." -Cora