If you see somebody with even reasonable intelligence and a terrific passion for what they do and who can get people around them to march, even when those people can't see over the top of the next hill, things are gonna happen.
Fear spreads instantaneously. Confidence comes back through the door one at a time.
Many shall be restored that now are fallen and many shall fall that are now in honour.
First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses ill almost certainly do well.
Only when the tide goes out do you discover who's been swimming naked.
The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
As happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.
My idea quota used to be like Niagara Falls – I'd have many more than I could use. Now it's as if someone had dammed up the water and was letting it flow with an eyedropper.
Never give up searching for the job that you are passionate about.
There is no hunch or intuitiveness or anything of the sort. I mean, I try to sit down and figure out what the future economic prospects of a business are.
Our experience with newly-minted MBAs has not been that great. Their academic records always look terrific and the candidates always know just what to say; but too often they are short on personal commitment to the company and general business savvy. It’s difficult to teach a new dog old tricks.
I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.