1. The market is like a big casino. Everyone else is drinking. If you insist on drinking Coke, you will be fine.

2. If an idea becomes outdated, it is not enough to become an idea.

3. When high-quality companies are subject to market reversal and their stock prices fall unreasonably, great investment opportunities are about to come.

4. You have to use your own brain. I'm always amazed at how many highly intelligent people imitate mindlessly and fail to get any good ideas from conversations with others.

5. When the right temperament is combined with the right intellectual structure, you get rational behavior.