Prayer enables us to transform the world because it transforms us.
Sooner or later, the market will do what it has to do to prove the majority wrong.
Just as many smart people fail in the investment business as stupid ones. Intellectually active people are particularly attracted to elegant concepts, which can have the effect of distracting them from the simpler, more fundamental truths.
You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.
The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most effective ways of achieving good long term results.
When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.
I try to keep in mind Oscar Wilde's comment that "saints always have a past and sinners always have a future," so no investment should be ruled out simply on the basis of past history. We focus on liquidation analysis and liquidation analysis alone.
Give everyone a chance to have a piece of the pie. If the pie's not big enough, make a bigger pie.
I'm not a god, I'm not a genius, I'm not a monk, I make non-design for non-consumers. I don't know if I do exist.
A free and open Internet is a despot's worst enemy.
We turned onto the last landing. Going out with this guy, I thought, would involve a lot of silly laughter, some wit--the buzz of his whispered wisecracks in my ear. But there would be as well his willingness to reveal, or more his inability to conceal, that he had been silently rehearsing my name as he climbed the stairs behind me. There would be his willingness to bestow upon me the power to reassure him. He would trust me with his happiness.