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Look at artificial intelligence. We know how to create it, we know how to use it, and yes, it's got problems to solve. But the young people here should realize this is a tremendous opportunity. The basic framework is there, and the details will work themselves out.

You know what amazes me? People think they can get rich quick in the stock market. I've watched this behavior for decades. They read one book or take one course and suddenly think they're Warren Buffett. That's not how it works.

Look, everyone wants to get rich quick in the stock market. That's precisely why most people lose money. Here's what works: Buy good businesses, hold them forever, and don't do anything stupid. The rest is just noise and salesmanship.

Olha, as pessoas sempre me perguntam sobre timing de mercado. É engraçado, sabe? Depois de tantas décadas investindo, aprendi que o segredo não está em adivinhar o mercado, mas em ter paciência. A maioria perde dinheiro tentando ser esperta demais.

The fundamental problem with most investors is they're always trying to get rich quick. It's like trying to catch fish by draining the pond. The sensible approach is to find good businesses at reasonable prices and then show the patience of Job.

Imagine being trapped inside a submarine during the Cuban Missile Crisis. Tensions were peaking, and the crew believed World War III had already begun. They were ready to launch a nuclear torpedo, but one man, Vasili Arkhipov, refused to agree, potentially saving the world from complete and total destruction.

Wealth isn't about being a genius; it's about avoiding the psychological traps that force you back to a salary. Most people fail because they can't master the boredom of compounding. If you understand the arithmetic and eliminate mental errors, the math eventually does all the work for you.

Most people are trying to be smart. I’ve found it’s much more productive to just try and stay consistently not stupid. It’s remarkable how much long-term advantage people like us have gotten by just being rational and avoiding the big mistakes that destroy everyone else.