1.Risk comes from not knowing what you’re doing.
2. Price is what you pay. Value is what you get.
3. Chains of habit are too light to be felt until they are too heavy to be broken.
4. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
5. In the business world, the rearview mirror is always clearer than the windshield.
6. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
7. Only when the tide goes out do you discover who’s been swimming naked.
8. When you combine ignorance and leverage, you get some pretty interesting results.
9. You only have to do a very few things right in your life so long as you don’t do too many things wrong.
10. Derivatives are financial weapons of mass destruction.
11. I buy expensive suits. They just look cheap on me.
12. Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
13. Your premium brand had better be delivering something special, or it’s not going to get the business.
14. Our favorite holding period is forever.
15. Someone is sitting in the shade today because someone planted a tree a long time ago.
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