My top 10 highlights from the book: 

1. On a daily basis, the effects of our actions are imperceptible; cumulatively, though, their consequences are enormous.

2. We play offense while others scramble for survival.

3. Games are won by players who focus on the playing field—not by those whose eyes are glued to the scoreboard.

4. Forming macro opinions or listening to the macro or market predictions of others is a waste of time. It is dangerous because it may blur your vision of the facts that are truly important.

5. Loss of focus is what most worries Charlie and me.

6. Businesses seldom operate in a tranquil, no-surprise environment, and earnings simply don't advance smoothly.

7. Good jockeys will do well on good horses, but not on broken-down nags. 

8. When a problem exists, whether in personnel or in business operations, the time to act is now.

9. We avoid small commitments.

10. Just run your business as if:

(1) you own 100% of it; 

(2) it is the only asset in the world that you and your family have or will ever have; and 

(3) you can't sell or merge it for at least a century.