A board member should be perfectly willing to leave at any time and willing to make the tough calls.

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.

Our biggest mistakes, were things we didn't do, companies we didn't buy.

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

Ben Franklin and Samuel Johnson, he credits their wisdom for his success. "They were both utterly brilliant men. And powerful communicators. Both have helped me all the way through life. Their lessons are easy to assimilate."

I regard it as very unfair, but capitalism without failure is like religion without hell.