Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.

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.

There is no better teacher than history in determining the future… There are answers worth billions of dollars in 30$ history book.

Smart people do dumb things.

In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads–and at how...

Our game is to recognize a big idea when it comes along, when one doesn’t come along very often. Opportunity comes to the prepared mind.

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get...

I would argue that passion is more important than brain power.

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won.

Do what you like and are good at.

Being smart and doing something that no one has done before are two different things.

Invest in a business any fool can run, because someday a fool will. If it won’t stand a little mismanagement, it’s not much of a business.

You’ll do better if you have passion for something in which you have aptitude. If Warren Buffett had gone into ballet, no one would have heard of him.

Invert, always invert: Turn a situation or problem upside down. Look at it backward.

When you borrow a man’s car, always return it with a tank of gas.

Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.

There’s only one way to the top: hard work.

The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time.

Part of what you must learn is how to handle mistakes and new facts that change the odds. Life, in part, is like a poker game, wherein you have to learn to quit sometimes when...

Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; and 3. Work only with people you enjoy.

We just keep our heads down and handle the headwinds and tailwinds as best we can, and take the result after a period of years.

We’re emphasizing the knowable by predicting how certain people and companies will swim against the current. We’re not predicting the fluctuation in the current.

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day—if you live long enough—like most people, you will get...