You’re only going to live once — so you don’t want to go sleepwalking through life.

If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.

If you’re comfortable with your inner scorecard, I think you’re going to have a pretty happy life. The people who strive too much for the outer scorecard sometimes find that it’s a little hollow when they get all through.

I do not hire people I would not want as friends or as neighbors. I work with people who make my life easier. You can’t work with people who make your stomach grind.

Let’s say that I offer to buy you the car of your dreams. You can pick out any car that you want, and when you get out of class this afternoon, that car will be waiting for you at home. There’s just one catch... It’s the only car you’re ever going to get in your entire life. Now, knowing that, how are you going to treat that car? You’re probably go... See more

You’ve got to be prepared — when you buy a stock — to have it go down 50% or more ... If you can’t handle it psychologically, then you really shouldn’t own stocks — because you’re going to buy and sell them at the wrong time.