Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

The smarter the journalists are, the better off society is. [For] to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

When you combine ignorance and leverage, you get some pretty interesting results.

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

Be fearful when others are greedy. Be greedy when others are fearful.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

People will always try to stop you from doing the right thing if it is unconventional.

A public-opinion poll is no substitute for thought.

Profit from folly rather than participate in it.