Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.

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.

I'm Valerie Rye, ' she said, savoring the words. 'It's all right for you to talk to me.

Australia is so kind that just tickle her with a hoe and she laughs with a harvest.

Being proud of something is a very tricky word and I sometimes think it has a bad connotation. I don't feel proud, I feel grateful. I'm lucky.

I fell in love at 14 and I remember that mad, tense feeling and all the mad things you do for the person - all those extremes and all the stuff you don't mind putting up with.

The radio station was playing Tchaikovsky's Swan Lake, a sure sign that things were much worse than they appeared.

Morality and religion are but words to him who fishes in gutters for the means of sustaining life, and crouches behind barrels in the street for shelter from the cutting blasts of a winter night.

We now need to look beyond our immediate future and aim higher and farther.

Sometimes buying early on the way down looks like being wrong, but it isn't.

I say to everyone within the sound of my voice, 'Do not fail the Lord'. We must accept the truth that the gospel principles are not on trial but that we are.

In those days I was terrible at athletics and never made a team, but quite easily led my class in academics.