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 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 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 
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 
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 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 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 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 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 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 
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 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 
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 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 
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 
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 
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 
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 
Financial Institutions Doing Well
Financial institutions make us nervous when they’re trying to do well.
Related Topics: financial, institutions, make, nervous, trying 
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 
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 Don’t Do Cocaine
Don’t do cocaine. Don’t race trains. And avoid AIDS situations.
Related Topics: avoid AIDS, cocaine, race, situations, trains 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 
