It's not a competency if you don't know the edge of it.

The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.

It never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.

I'd rather throw a viper down my shirt front than hire a compensation consultant.

Mimicking the herd invites regression to the mean.

There is bound to be a regression toward the mean.

It’s not greed that drives the world, but envy.

I don't spend much time regretting the past, once I've taken my lesson from it. I don't dwell on it.

Our biggest mistakes, were things we didn't do, companies we didn't buy.

We're the tortoise that has outrun the hare because it chose the easy predictions.

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

If you get into the mental habit of relating what you're reading to the basic structure of the underlying ideas being demonstrated, you gradually accumulate some wisdom.

Step by step you get ahead, but rarely in fast spurts.

If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

It's a good habit to trumpet your failures and be quiet about your successes.

Intelligent people make decisions based on opportunity costs.

I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.