I'm The Luckiest Guy In The World

Larger Sums May Be An Advantage At Some Cases And A Disadvantage At Others.

As An Investor With Small Capital, One Should Prefer Businesses That Have High Returns On Capital And That Require Little Incremental Investment To Grow.

The Important Thing Is To Keep Playing, To Play Against Weak Opponents And To Play For Big Stakes.

I Lose Confidence In Other People, All Kinds Of Institutions.

An Argument Is Made That There Are Just Too Many Question Marks About The Near Future; Wouldn't It Be Better To Wait Until Things Clear Up A Bit? You Know The Prose: "maintain Buying Reserves Until Current Uncertainties Are Resolved," Etc. Before Reaching For That Crutch, Face Up To Two Unpleasant Facts: The Future Is Never Clear And You Pay A Very High Price For A Cheery Consensus. Uncertainty Actually Is The Friend Of The Buyer Of Long-term Values.