A rough rule in life is that an organization foolish in one way in dealing with a complex system is all too likely to be foolish in another.

It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that.

I believe that we are at or near the apex of a great civilization... In 50-100 years, if we're a poor third to some countries in Asia, I wouldn't be surprised. If I had to bet, the part of the world that will do best will be Asia.

Those who will not face improvements because they are changes, will face changes that are not improvements.

No wise pilot, no matter how great his talent and experience, fails to use his checklist.

I don't want to sell credit to people who are going to hurt themselves with it. You should only sell products that are good for the people who use them. Some disagree with this, but I know I'm right. That is to say, you're talking to a Republican who admires Elizabeth Warren.

It's not supposed to be easy. Anyone who finds it easy is stupid.