You can't wait for an opportunity to become obvious.

An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

If you're unwilling to try new things and to fail and learn, you don't have a shot

Buying a company without having sufficient knowledge of it may be even more dangerous than having inadequate diversification.

Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play.

I think that my biggest attribute to any success that I have had is hard work. There really is no substitute for working hard.