There's more honor in investment management than in investment banking.

Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.

When you mix raisins and turds, you've still got turds.

Why should it be easy to do something that, if done well, two or three times, will make your family rich for life?

Let me know what your problem is, and I will try to make it more difficult for you.

I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote.

The first chance you have to avoid a loss from a foolish loan is by refusing to make it; there is no second chance.