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Avoiding Mediocre Opportunities

It takes character to sit with all that cash and to do nothing. I didn’t get top where I am...

Related Topics: cash, character, mediocre, nothing, opportunities, sit

Effective Whistling

I can whistle with my fingers, especially if I have a whistle.

Related Topics: especially, fingers, whistle

Keeping Investing Simple

We’re partial to putting out large amounts of money where we won’t have to make another decision.

Related Topics: amounts, another, decision, large, money, partial, putting out

Investing

Doing Acquisitions

Two thirds of acquisitions don’t work. Ours work because we don’t try to do acquisitions — we wait for no-brainers.

Related Topics: acquisitions, no-brainers, two-thirds

Investing

The Big Ideas in Science

It’s very useful to have a good grasp of all the big ideas in hard and soft science. A, it...

Related Topics: big, experience, file, grasp, head, ideas, organize, perspective, science, soft science, useful

Knowledge

Rat Poison

[On Bitcoin] I think it’s rat poison.

Related Topics: Bitcoin, poison, rat, rat poison

Investing

I Would Have Been in Jail

I know from my own education that if I hadn’t encountered two or three individuals that spent extra time with...

Related Topics: education, encountered, individuals, jail, know, spent, three, time, two

Banking Was a Great Investment

Banking has turned out to be better than we thought. We made a few billion [dollars] from Amex while we...

Related Topics: banking, better, billion, continue, few, make, mistakes, prediction, thought, turned

Business

Have an Effect on Society

I do feel there is another way we have an effect on society besides our computers.

Related Topics: another, computers, effect, society, way

Computers

Do What You Like

Do what you like and are good at.

Related Topics: good, like, what

Life's Rules

Steve Jobs Quote: Death is the destination we all share, no one has ever escaped it.

A Destination We All Share

Death is the destination we all share, no one has ever escaped it. And that is as it should be...

Related Topics: best, best invention, death, destination, escaped, invention, life, share, single

Death
Life

Making Better Predictions

The game of investing is one of making better predictions about the future than other people.

Related Topics: better, competence, future, game, investing, making, other, people, predictions

Investing

When Something Is Too Hard

If something is too hard, we move on to something else. What could be simpler than that?”

Related Topics: hard, move, simpler, something

Action

An Insult to Sewage

To say accounting for derivatives in America is a sewer is an insult to sewage.

Related Topics: accounting, America, derivatives, insult, sewage, sewer

Growing Float at Low Cost

Growing float at a sizeable rate at low cost is almost impossible — but we intend to do it anyway.

Related Topics: almost, anyway, cost, float, growing, impossible, intend, low, rate, sizeable

Investing

The Power of Compound Return

Understanding both the power of compound return and the difficulty of getting it is the heart and soul of understanding...

Related Topics: compound return, difficulty, heart, heart and soul, power, soul, things, understanding

Investing

Be Consistently Not Stupid

It is remarkable how much long-term advantage people like [Warren Buffett and myself] have gotten by trying to be consistently...

Related Topics: advantage, consistently, intelligent, long-term, people, remarkable, stupid, trying, Warren Buffett

Steve Jobs Quote: In the act of making something with a great deal of care and love, something is transmitted there.

Making Something with Care and Love

And you never meet the people, you never shake their hands, you never hear their story or tell yours, but...

Related Topics: care, hands, hear, love, making, meet, never, people, shake, somehow, something, story, tell, transmitted

Good Businesses vs. Bad Businesses

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

Related Topics: bad, business, decision, easy, good

Investing

Invest in a Business a Fool Can Run

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

Related Topics: business, fool, invest, mismanagement, someday

Investing

Don’t Wait Until It’s Too Late

The bitterest tears shed over graves are for words left unsaid and deeds left undone.

Related Topics: bitterest, deeds, graves, shed, tears, undone, unsaid, words

Focus Investing

Our investment style has been given a name — focus investing — which implies 10 holdings, not 100 or 400.

Related Topics: focus, focus investing, four hundred, holdings, investing, investment, investment style, one hundred, ten

Investing

Be the Miracle

“When you need a miracle, be the miracle.” —Steve Jobs

Related Topics: miracle, need

Do I Know You?

The only normal people are the ones you don’t know too well.

Related Topics: friends, friendship, normal, normal people, people, relationships

The Earth’s Carrying Capacity

People always underestimate the ability of earth to increase its carrying capacity.

Related Topics: ability, capacity, carrying, earth, increase, people, underestimate

Tuning Out Folly

Part of [having uncommon sense] is being able to tune out folly, as opposed to recognizing wisdom.

Related Topics: folly, recognizing, sense, tune out, uncommon, uncommon sense, wisdom

Wisdom

Ben Franklin and Samuel Johnson

On Ben Franklin and Samuel Johnson: “They were both utterly brilliant men. And powerful communicators. Both have helped me all...

Related Topics: assimilate, Benjamin Franklin, both, brilliant, communicators, credits, easy, helped, lessons, life, men, powerful, Samuel Johnson, success, utterly, wisdom

Mitch Hedberg quote My friend said to me, You know what I like Mashed potatoes.

Knowing When to Pause

My friend said to me, You know what I like? Mashed potatoes. I was like, Dude, you have to give...

Related Topics: friend, guess, insert, mashed, mashed potatoes, pause, potatoes, quiz, time

A Great Business at a Fair Price

A great business at a fair price is superior to a fair business at a great price.

Related Topics: business, fair, great, great business, price, superior

Business

You Are Already Naked

Remembering that you are going to die is the best way I know to avoid the trap of thinking that...

Related Topics: avoid, best way, die, follow, follow your heart, heart, know, lose, naked, reason, something, thinking, trap

Warren Buffett’s Discipline

Warren spends 70 hours a week thinking about investing.

Related Topics: hours, investing, seventy, thinking, Warren Buffett

How Would Apple Taste?

Nobody has tried to swallow us since I’ve been here. I think they are afraid how we would taste.

Related Topics: afraid, nobody, swallow, taste

Wall Street’s Wealth and Political Power

Wall Street has too much wealth and political power.

Related Topics: political, power, Wall Street, wealth

Investing

Creation is Messy

Creation is messy. You want genius, you get madness; two sides of the same coin.

Related Topics: coin, creation, genius, madness, messy, same, sides, two

Getting What You Deserve

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and...

Related Topics: at the end of the day, day by day, deserve, life, little, live, long, people, trying, wiser, woke up

Steve Jobs Quote: It's more fun to be a pirate than to join the navy.

It’s More Fun Being a Pirate

“It’s more fun to be a pirate than to join the Navy.” —Steve Jobs

Related Topics: fun, join, more fun, Navy, pirate

Earning Money Without Risk

When any guy offers you a chance to earn lots of money without risk, don’t listen to the rest of...

Related Topics: chance, earn, follow, guy, listen, lots of money, misery, money, offers, risk, riskless, sentence

Life's Rules

A Rule of Law for Kleptocracies

As for what we like least, we don’t want kleptocracies. We need a rule of law. If people are stealing...

Related Topics: companies, kleptocracies, law, least, like, like least, need, people, rule, rule of law, stealing, want

Business

The Sin of Envy

Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s...

Related Topics: envy, fun, lot, never, only, pain, possibly, sin, stupid, trolley, why

Life's Rules

Oh, Wow!

OH WOW. OH WOW. OH WOW.

Related Topics: oh wow

Financial Institutions Doing Well

Financial institutions make us nervous when they’re trying to do well.

Related Topics: financial, institutions, make, nervous, trying

Investing

A Better Place for Our Kids

I remain extremely concerned when I see what’s happening in our country, which is in many ways the luckiest place...

Related Topics: better, concerned, country, excited, extremely, happening, kids, luckiest, making, place, remain, see, world

When Someone Hands You a Flyer

When someone hands you a flyer, it’s like they’re saying here you throw this away.

Related Topics: flyer, hands, throw away

Common Sense in Business

The company that needs a new machine tool, and hasn’t bought it, is already paying for it.

Related Topics: company, machine tool, needs, new, paying

Business

Steve Jobs Quote: You have to look at the competition and say you're going to do it differently.

Be Different Than Your Competition

“You can’t look at the competition and say you’re going to do it better. You have to look at the...

Related Topics: better, can't, competition, differently, look, say

Short-term Thinking in Business

Almost all good businesses engage in pain today for gain tomorrow activities.

Related Topics: businesses, engage, gain, pain, today, tomorrow

Business

Don’t Do Cocaine

Don’t do cocaine. Don’t race trains. And avoid AIDS situations.

Related Topics: avoid AIDS, cocaine, race, situations, trains

Life's Rules

Getting Out of Debt

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get...

Related Topics: credit card, credit card debt, debt, eighteen percent, get ahead, hell, paying

Apple’s Roots

The roots of Apple were to build computers for people, not for corporations. The world doesn’t need another Dell or...

Related Topics: Apple Computer, build, Compaq Computer, computers, corporations, Dell Computer, people, roots

Why Some People Cling to Hatred

I imagine one of the reasons people cling to their hates so stubbornly is because they sense, once hate is...

Related Topics: cling, forced, hate, imagine, pain, people, reasons, sense, stubbornly

Hatred
Pain