Someone's sitting in the shade today because someone planted a tree a long
Honesty is a very expensive gift, Don't expect it from cheap people.
takes 20 years to build a reputation and five minutes to ruin it. If you
think about that, you'll do things differently.
hang out with people better than you. Pick out associates whose behavior
is better than yours and you'll drift in that direction.
of habit are too light to be felt until they are too heavy to be broken.
comes from not knowing what you're doing.
when the tide goes out do you discover who's been swimming naked.
you find yourself in a chronically leaking boat, energy devoted to changing
vessels is likely to be more productive than energy devoted to patching
only have to do a very few things right in
look to jump over 7-foot bars: I look around for 1-foot bars that I can step
is what you pay. Value is what you get.
far better to buy a wonderful company at a fair price than a fair company at
a wonderful price.
the friend of the wonderful company, the enemy of the mediocre.
buy something that you'd be perfectly happy to hold if the market shut down
for 10 years.
of geeks bearing formulas.
market fluctuations as your friend rather than your enemy; profit from folly
rather than participate in it.
diversification is only required when investors do not understand what they