I made a fortune getting out too soon.

The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor

Investors operate with limited funds and limited intelligence: they do not need to know everything. As long as they understand something better than others, they have an edge.

Can you really explain to a fish what it's like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.

In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

Don't ever, ever, believe anyone who tells you that you can just get by, by doing the easiest thing possible. Because there's always somebody behind you who really wants to do what you're doing. And they're going to work harder than you if you're not working hard