“To win, the first thing you have to do is not lose.”

“The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.”

“The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.”

“All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.”

“A single year's performance is of minor importance and, good or bad, should never be taken seriously.”

“Does the business have a consistent operating history?”

“Is management rational?”

“Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.”