'Time is on your side when you own shares of superior companies.'

— Peter Lynch

“Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.”

— Charlie Munger

'The first rule of a happy life is low expectations.'

— Charlie Munger

'While investors need to focus great attention on the fundamentals, they must simultaneously answer the question: What's your edge?

You cannot have an edge doing what everyone else is doing—to add value you must stand apart from the crowd.'

— Seth Klarman

'People tend to underestimate low-probability events when they haven’t happened recently, and overestimate them when they have happened recently—that is the nature of the human animal.'

— Warren Buffett

“It is not necessary to do extraordinary things to get extraordinary results...”

— Warren Buffett

✍️ Simple wins.

“I am convinced that an individual investor with sound principles, and soundly advised, can do distinctly better over the long pull than a large institution.”

— Benjamin Graham

“I don’t pay any attention to what economists say, frankly.”

— Warren Buffett

'There's no asset so good that it can't be overpriced and become a bad investment, and very few assets are so bad they can't be underpriced and be a good investment.'

— Howard Marks

'The game is to keep learning.'

— Charlie Munger

“Buying a cyclical after several years of record earnings and when the P/E ratio has hit a low point is a proven method for losing half of your money in a short period of time.”

— Peter Lynch

'Looking out for mispriced betting opportunities and betting heavily when the odds are overwhelmingly in your favor is the ticket to wealth.'

— Mohnish Pabrai

'Beware of the person who gives advice, telling you that a certain action on your part is 'good for you' while it is also good for him, while the harm to you doesn’t directly affect him.'

— Nassim Taleb

'As one of the Indianapolis 500 winners said: 'To finish first, you must first finish.''

— Warren Buffett

'You have to live to play another day.'

— Joel Greenblatt

'When you find a really good business run by first-class people, chances are a price that looks high isn't high. The combination is rare enough, it's worth a pretty good price.'

— Warren Buffett

'The important thing is to not get caught up in emotions—knowing emotions exist but not getting caught up; being cold, hard, and calculating on valuation—that is the secret.'

— Joel Greenblatt

'Knowing what you don't know is more useful than being brilliant.'

— Charlie Munger

'Don't 'fall in love' with an investment—be situation-dependent and opportunity-driven.'

— Charlie Munger

'There is nothing like writing to force you to think and get your thoughts straight.'

— Warren Buffett

'Writing is 50% thinking, 5% typing, 45% deleting the bad parts.'

— Morgan Housel

“It's good to learn from your mistakes. It's better to learn from other people's mistakes.”

— Warren Buffett