WISDOM

The best thing a human being can do is to help another human being know more.

The secret to surviving in real estate for 120 years is simple — do not borrow too much money. Every developer who went bankrupt did it the same way. They overleveraged.

My mother sold houses in Washington DC. She taught me that every piece of property has a story and a price. If you understand both, you can make money in any market.

I closed the fund because I had enough money and wanted to do something else. In investing, knowing when to stop is the rarest skill of all.

An investor who has all the answers doesn't even understand the questions.

A fool with a plan can outsmart a genius with no plan.

Turn your wounds into wisdom.

A man always has two reasons for doing anything: a good reason and the real reason.

When asked what the stock market would do, Morgan replied: It will fluctuate.

When I decide to finish an innings, I know. You need to know when to walk off. In business, in investment, in life — knowing when to exit is the most important skill.

As I grow older, I pay less attention to what men say. I just watch what they do.

The stock market rewards patience more than intelligence. Most smart people are too impatient to get rich.