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“I'm often asked, Which is more important--attitude or skill? The answer is that it's somewhat like asking which leg of a three-legged stool is most important. It is my complete conviction, based on a considerable amount of research, that if you have the right attitude, combined with the right skills, and build your attitude and your skills on a solid character base, you can enjoy long-lasting success.”

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

“We should stop looking to law to provide the final answer.... Law cannot save us from ourselves.... We have to go out and try to accomplish our goals and resolve disagreements by doing what we think is right. That energy and resourcefulness, not millions of legal cubicles, is what was great about America. Let judgment and personal conviction be important again.”

“When any man expresses doubt to me as to the use that I or any other woman might make of the ballot if we had it, my answer is, What is that to you? If you have for years defrauded me of my rightful inheritance, and then, as a stroke of policy, of from late conviction, concluded to restore to me my own domain, must I ask you whether I may make of it a garden of flowers, or a field of wheat, or a pasture for kine?”

“To live greatly, we must develop the capacity to face trouble with courage, disappointment with cheerfulness, and triumph with humility. You ask, 'How might we achieve these goals?' I answer, 'By getting a true perspective of who we really are!' We are sons and daughters of a living God in whose image we have been created. Think of that truth: 'Created in the image of God!' We cannot sincerely hold this conviction without experiencing a profound new sense of strength and power, even the strength to live the commandments of God, the power to resist the temptations of Satan.”

“It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience, and reflection. It requires endless curiosity, the relentless pursuit of additional information, the raising of questions, and the search for answers. It necessitates dealing with imperfect information - knowing you will never know everything and that that must not prevent you from acting. It requires a precarious balance between conviction, steadfastness in the face of adversity, and doubt - keeping in mind the possibility that you could be wrong.”