High valuations entail high risks.

Investing isn't about beating others at their game. It's about controlling yourself at your own game.

Successful investing is about managing risk, not avoiding it.

The intelligent investor is a realist who sells to optimists and buys from pessimists.

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

A great company is not a great investment if you pay too much for the stock.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

How blissful it is, for one who has nothing. Attainers-of-wisdom are people with nothing. See him suffering, one who has something, a person bound in mind with people.

Why is it that any time we speak of temptation we always speak of temptation as something that inclines us to wrong. We have more temptations to become good than we do to become bad.

Have gratitude for the things you're discarding. By giving gratitude, you're giving closure to the relationship with that object, and by doing so, it becomes a lot easier to let go.

Everybody's got a sack of rocks.

The moment an athlete doesn't train, things start to get a bit rusty.

I took Instagram off my phone! I took it off because I found I was looking at it too much.

I was pretty much the government's poster boy for what I had done.

Learning is acquired by reading books; much more necessary learning, the knowledge of the world, is only to be acquired by reading men, and studying all the various editions of them.

Certainly a decade and a half out in the real world, bashing my head against things, probably made me into a more textured writer. It gives you something to write about.

So many people of my generation who served in the government were prisoners of the Cold War culture, still are.