"No matter how great the talent or efforts, some things just take time."

"A public-opinion poll is no substitute for thought."

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

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

"Success in investing doesn't correlate with I.Q. What you need is the temperament to control the urges that get other people into trouble."

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future."

"Beware of geeks bearing formulas."

"The most important thing to do if you find yourself in a hole is to stop digging."

"Chains of habit are too light to be felt until they are too heavy to be broken."

"Derivatives are financial weapons of mass destruction."

"I always knew I was going to be rich. I don't think I ever doubted it for a minute."

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

"You can't make a good deal with a bad person."

"Why not invest your assets in the companies you really like? As Yogi Berra said, 'A nickel ain't worth a dime anymore."