“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.”

“Light boats sail swift, though greater hulks draw deep.”

“What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?”

“He is fond of being misunderstood. It gives him a post of vantage.”