Quotes

He who works all day has no time to make money.

Give your plans the right amount of thinking time, and you will find that the implementation time decreases and the results get better.

The real path to greatness requires simplicity and diligence. It requires clarity, not instant illumination. It demands that each of us focus on what is vital and eliminate all extraneous distractions.

The young man knows the rules, the old man knows the exceptions.

Zero-sum games: one player's loss is another player's gain.

Trade like a sniper, not a machine gunner.

Returns are made on the way up. Reputations are made on the way down.

No arguments are won with facts, but with emotions and the poetics of strategically placed language. Logic has little place in human arguments.

The rich don't work for money. They make money work for them. The only difference between an employee and money is that money works 24x7.

There's no such thing as good money or bad money. There's just money.

To be clever enough to get all the money, one must be stupid enough to want it.

If you borrow a dollar, the bank owns you. If you borrow a million dollars, you own the bank.

Wealth creation formula: avoid complexity and fragility, embrace simplicity and sustainability.

The way to make money is to make it. The way to make big money is to be right at exactly the right time.

Money equals business, which equals power, all of which come from character and trust.

Fortunes are built during the down market and collected in the up market.

Financial literacy is not a side effect of wealth. Wealth is a side effect of financial literacy.

Money itself isn't lost or made; it's simply transferred from one perception to another. Capitalism at its finest.

Do not disturb yourself by imagining your whole life at once.

All models are wrong, but some are useful.

When it comes to understanding how the world works, we constantly overestimate personal experience and underestimate statistics.

Everyone is a trader. Some trade time for a paycheck. Some trade risk for profits. Some trade happiness for security. Some trade principles for politics. Some trade ethics for cash.

It's not about who did it first. It's about who did it right.

Don't let someone's emotional inconsistency make you addicted to temporary highs and constant lows.

Mastery is the best goal, because the rich can't buy it, the impatient can't rush it, the privileged can't inherit it, and nobody can steal it. You can only earn it through hard work. Mastery is the ultimate status.

For those climbing to the top of the food chain, there is but one rule: hunt or be hunted.

The best way to predict the future is to create it.

Make big bets for big swings, not big bets for small swings.

You're being educated by a system that was made for the industrial age. It's no longer valid.

At first, you should not 'be yourself'. Copy the winners in your field. Over time you develop your own style and way of operating. Then you can be yourself.

Your death shouldn't be just an incident. It should be the end of an era and the beginning of a legacy.