The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.

Over the very long term, history shows that the chances of any business surviving in a manner agreeable to a company's owners are slim at best.

You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.

The big money is not in the buying and selling ... but in the waiting.

Just keep your head down and do your best.

I think the main figure that matters to all of us, including people in the media, is: How does GDP per capita grow? And those figures have been very good. There is a huge flux both up and down, so it isn't like we're all static in status. What's important is that pie grows.

I have a black belt in chutzpah. I was born with it. Some people, like some of the women I know, have a black belt in spending. They were born with that. But what they gave me was a black belt in chutzpah.