12About Wall Street
” Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway “
11About Covered Positions
” Only when the tide goes out do you discover who’s been swimming naked “
10About Investments
” Someone’s sitting in the shade today because someone planted a tree a long time ago “
9About History
” If past history was all there was to the game, the richest people would be librarians “
8About Taking Risks
” Risk comes from not knowing what you’re doing “
7About Being Right
” You only have to do a few things right in your life so long as you don’t do too many things wrong “
6About Reputation
” It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently “
5About Fair Value
” It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price “
4About Value
” Price is what you pay. Value is what you get “
3About Business Schools
” The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective “
2About Leverage
” When you combine ignorance and leverage, you get some pretty interesting results “
1On Hindsight
” In the business world, the rearview mirror is always clearer than the windshield “
12 of the Best Quotes from ” Oracle of Ohama “