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“Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.”
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“You know ... you keep doing the same things and you keep getting the same result over and over again.”
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“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
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“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
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“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
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Stefan’s 2025 Year in Books
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