"Only when the tide goes out do you discover who's been swimming naked."

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

"Someone is sitting in the shade today because someone planted a tree a long time ago."

"If book knowledge made great investors, then the librarians would all be rich."

"Life is like a snowball. The important thing is finding wet snow and a really long hill."

"Keep all your eggs in one basket, but watch that basket closely."

"Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy."

"What we learn from history is that people don't learn from history."

"You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells."

"If history was all there was to the game, the richest people would be librarians."

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."

"Never depend on a single income. Make investments to create a second source."

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most."

"If you cannot control your emotions, you cannot control your money."