Quotes.

"The coffee can portfolio — buy great companies and forget about them — is the simplest path to extraordinary returns."

"Owner-operators have skin in the game. They think like owners because they are owners — and that changes everything about how a business is run."

"The key to 100-baggers is finding companies that can reinvest capital at high rates of return for a long time."

"The twin engines of a 100-bagger are earnings growth and multiple expansion — and the best stocks deliver both."

"To get the big returns, you have to hold through big losses. There is no other way."

"Accounting is not truth. It is a set of conventions. The investor's job is to understand what the numbers actually mean — which is often different from what they say."

"Most investing mistakes come from trying to predict the unpredictable. The best investment is in a business you actually understand."

"Rationality, not intelligence, is the investor's primary edge. Smart people make systematic errors too — often because they're smart enough to construct convincing rationalizations."

"Small stocks are where the opportunity is greatest, because large institutional investors can't buy them without moving the price. The edge belongs to those who can act small."

"The best investors I have known own fewer stocks, not more. They know what they own, and they know why they own it."

"Abundance is the enemy of appreciation. Introducing scarcity into our consumption — making it a treat — can restore its pleasure."

"Buying time — outsourcing disliked tasks — makes people happier regardless of income level."

"Giving to others makes us happier than spending money on ourselves."

"Money spent on experiences brings more happiness than money spent on material goods — especially when those experiences connect us with other people."

"Pay now, consume later — the opposite of credit cards — produces more happiness than paying after the fact."

"Every bear market has ended. Every single one. The market has never failed to recover to new highs given enough time."

"Bull markets climb a wall of worry. If you wait for all the uncertainty to resolve before investing, the opportunity will have long passed."

"Investors forget history. Markets don't. The patterns repeat because human nature doesn't change — but investors keep believing this time is different."

"When sentiment is universally bearish, that is often the best time to own stocks. When it is universally bullish, caution is warranted."

"Volatility is not risk. Volatility is normal. Permanent capital loss is risk. Confusing the two causes investors to make permanent the temporary loss they are trying to avoid."

"The rich don't work for money. They make money work for them."

"Imagine that in some private business you own a small share that cost you $1,000. One of your partners, named Mr. Market, is very obliging indeed. Every day he tells you what he thinks your interest is worth and furtherm…"

"Most people who live in expensive homes and drive luxury cars do not actually have much wealth. And those people with a great deal of wealth are not living in upscale neighborhoods."

"Operate your household like a successful business — plan, budget, and work toward defined goals."

"Self-employed people are four times more likely to be millionaires than those who work for others."

"Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high."

"Whatever your income, always live below your means."

"Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works."

"Wealth is what you don't see. Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes forgone and the first-class upgrade declined."

"Compound interest is the most powerful force in the universe when it comes to building wealth."

"Having F-You Money is about personal freedom. It's about having the financial strength to walk away from situations you don't like."

"Owning the market through index funds is the simplest and most effective way to invest in stocks."

"Spend less than you earn — invest the surplus — avoid debt."

"The stock market is a powerful wealth building tool and you need to be in it."

"Act your wage."

"Debt is not a tool; it is a method to make banks wealthy, not you."

"If you will live like no one else, later you can live like no one else."

"We buy things we don't need with money we don't have to impress people we don't like."

"You must walk to the beat of a different drummer. The same beat that the wealthy hear."

"Exponential technologies are going to change everything about how we live, work, invest, and retire."

"Everything you've been taught about financial planning is obsolete."

"Longevity is the biggest financial risk most people face — and the most ignored."

"Retirement as we know it is ending. What replaces it will be better — but only if you plan for it."

"You will have multiple careers — not multiple jobs within one career, but entirely new careers."

"Opportunity often comes disguised in the form of misfortune, or temporary defeat."

"Persistence is the direct result of habit. The subconscious mind seizes upon the thoughts which predominate in one's mind and uses those thoughts as its blueprint."

"Set your mind on a definite goal and observe how quickly the world stands aside to let you pass."

"The starting point of all achievement is desire. Keep this constantly in mind. Weak desires bring weak results, just as a small fire makes a small amount of heat."

"Whatever the mind can conceive and believe, it can achieve."

"Bear markets are actually the greatest opportunity for financial gain. They're the times when you can buy assets at the biggest discounts."

"The first rule is don't lose. The second rule is don't forget rule number one."

"Fees are the silent destroyer of wealth. The financial industry has a genius for extracting money from ordinary investors without their noticing."

"Financial freedom is available to those who learn about it and work for it."

"The secret to wealth is simple: find a way to do more for others than anyone else does, and become more valuable. Do that, and you'll have an opportunity to earn more than anyone else."

"A Roth IRA is a woman's best financial friend. It grows tax-free, you can access your contributions anytime, and it asks nothing of you but to fund it."

"Love is not a financial plan. The women who are most financially secure are the ones who never fully handed their financial lives to another person, no matter how much they loved them."

"Women need eight months of living expenses in an emergency fund — not three, not six. The income disruptions women face are bigger and longer than the industry assumes."

"No one will ever care about your money more than you do. The moment you understand that, everything changes."

"Keeping your money in a savings account because you're afraid of the stock market means inflation is guaranteed to win. Playing it safe is not actually safe."

"The first step is to decide. Not to try, not to hope, not to think about it — to actually decide that you are going to make serious money."

"If you're not uncomfortable, you're not growing. Every significant financial change you will ever make will require you to do things that scare you."

"Gratitude is the gateway drug to abundance. When you genuinely appreciate what you have, you stop operating from scarcity — and that changes every financial decision you make."

"Money is not the root of all evil. The love of money isn't even the problem. The problem is the belief that you don't deserve it, can't have it, or that wanting it makes you a bad person."

"Your subconscious mind doesn't know the difference between what's real and what you keep telling it. If you believe you're bad with money, it will make sure you are."