You have to jump in the water

By the age of 10, I’d read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense. Then you have to jump in the water – take a small amount of money and do it yourself. Investing on paper is like reading a romance novel vs. doing something else. You’ll soon find out whether you like it. The earlier you start, the better.

Billionaires

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Liquor and leverage

I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. You really don’t need leverage in the world much. If you’re smart, you’re going to make a lot of money without borrowing.