Germany too was a wonderful place for the Jews from 1880 to 1930

Only the paranoid survive

History Doesn't Repeat Itself, but It Often Rhymes

Do not believe a single word I say, go check for yourselves

And it was in my heart like a burning fire shut up in my bones, and I was weary of holding it in, and I could not.

Sometimes people don't want to hear the truth because they don't want their illusions destroyed.

There are unknown unknowns

Warren Buffett once told me about his two criteria for a desirable piece of information: it has to be important, and it has to be knowable

Heads I win big, tales I do not lose much

No amount of sophistication is going to allay the fact that all of your knowledge is about the past and all of your decisions are about the future.

The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.

It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.

It's not supposed to be easy. Anyone who finds it easy is stupid.

You can’t go bankrupt if you have no debt

A nation that does not know its past, its present is poor and its future is shrouded in mist

Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me

best-selling author,' not 'best-writing author.'

You know why the Yankees always win, Frank? 'Cause they have Mickey Mantle?" "No, it's 'cause the other teams can't stop staring at those damn pinstripes.

In the end it always goes back to Buffett

What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. ... [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.

Coca-Cola is still selling a product that is very, very similar to one that was sold 110-plus years ago

I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time

Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.

Apple was the only technology company that I knew of—including the one I was working at and had worked at—where if a customer got angry with the company, they would yell and yell loudly but they would continue to buy. At Compaq, if people got angry at Compaq they would just buy from Dell. At Dell if they got angry at Dell they would just buy at that time from IBM. And so people were moving freely to and fro, but an Apple customer was a unique breed. And there was this emotion that is so... you just don't see it in technology in general. You could see it and feel it in Apple customers

He [Jobs] believed that a company's brand works like a bank account. When the company does good things, such as launch a hit product or a great campaign, it makes deposits in the brand bank. When a company experiences setbacks... it's making a withdrawal

To me, marketing is about values. This is a very complicated world; it’s a very noisy world. And we’re not going to get a chance to get people to remember much about us. No company is. And so we have to be really clear on what we want them to know about us. Now, Apple fortunately is one of the half-a-dozen best brands in the whole world. Right up there with Nike, Disney, Coke, Sony, it is one of the greats of the greats. Not just in this country but all around the globe. And – but even a great brand needs investment and caring if it’s going to retain its relevance and vitality.

it is the easiest it ever has been to become a billionaire but harder to become a millionaire.

government by the best individuals or by a small privileged class

the rule of the best

the lottery of the womb

the lottery of the womb

no one wants to get rich slow

Diversifying is for someone who doesn’t know what he is doing

Anyone who thinks it’s easy is just stupid

Anyone who thinks it’s easy is just stupid

Avoid the mistakes that can kill you

Avoid the mistakes that can kill you

Diversifying is for someone who doesn’t know what he is doing

80% of baseball fans don’t understand the game

the greatest investor of our time

Here at Alibaba we don’t plan

Here at Alibaba we don’t plan

I know what horse I am riding with

I know what horse I am riding with

when the streets are bloody

when the streets are bloody

you should be comfortable with leaving your money where it is for at least a decade

you should be comfortable with leaving your money where it is for at least a decade

somethings never change

somethings never change