In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They let it balloon and balloon and balloon. It's aided by false accounting.

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.

Thinking about the future is the worst way of thinking about the future. Working on your future is the best way of thinking about your future.

There is no such thing as creative and non-creative people, only people who use their creativity and people who don't.

I just spend my life driving down the road, training horses and helping people.

Zen is meditation, the actual experience of life directly, immediately with no buffers.

I've directed enough in the theatre and a couple of films to know that - to feel fairly secure that if I find a story that I really like I can probably get it done somewhat.

For me, painting is a way to forget life. It is a cry in the night, a strangled laugh.

Tequila is like acid in a glass.

Our technological infrastructure alienates us from each other. No need to form a workplace community, everybody there will be out in a year or two, and so will you, looking for a better place.

In many ways when Jerry Ford pardoned Nixon, in a certain way, he did speak for the country.

Nothing else counts except what you want.