“Being rational is a moral imperative. You should never be stupider than you need to be.”
Image: AP
“It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.”
Image: AP
“Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.”
Image: AP
“If you want to understand science, you have to understand math. … The good thing about business is that you don’t have to know any higher math.”
Image: AP
“We look for a horse with one chance in two of winning and which pays you three to one.”
Image: AP
“Knowing what you don’t know is more useful than being brilliant.”
Image: AP
“Recognize reality even when you don’t like it. Especially when you don’t like it.”
Image: AP
“A business model that relies on trickery is doomed to fail.”
Image: AP
“We have to have a special insight, or we’ll put it in the ‘too tough’ basket. All of you have to look for a special area of competency and focus on that.”
Image: AP
“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.”
Image: AP
Next: 10 Life Lessons Schools Don’t Teach But You Must Learn