There is no such thing as a value trap. There are investing mistakes.

Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.

You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

Heads I win, tails I don’t lose much.

The good news in investing is there are no HR problems. If there are no humans, there are no problems!

Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.

People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education.

I have a hard time getting past the day without the nap, so the nap is a must.

The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

A humble man will always receive the best that others have to offer

The time of solitude is actually an opportunity to make time work for you.

I used to think that the brain was the most wonderful organ in my body. Then I realized who was telling me this.

It feels good to give back to the people who support you.

Donald Trump didn't emerge from the orthodoxy of the Republican Party. And so there's going to be bigger differences than normal.

I think I prefer the constant renewal. It's almost like sandpapering down any details or any contour of familiarities.

Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.

I won't make shorthand films, because I don't want to manipulate audiences into assuming quick, manufactured truths.

When you have to prove the value of your ideas by persuading other people to pay for them, it clears out an awful lot of woolly thinking.