It's a finite and very competitive world. All large aggregations of capital eventually find it hell on earth to grow and thus find a lower rate of return.

Avoid evil, particularly if they're attractive members of the opposite sex.

I think gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939, but civilized people don't buy gold, they invest in productive businesses.

If you take sales presentations and brokers of commercial real estate and businesses... I'm 70 years old, I've never seen one I thought was even within hailing distance of objective truth.... 'incentive-caused bias,' causes this terrible abuse. And many of the people who are doing it you would be glad to have married into your family compared to what you're otherwise going to get.

I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it.

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

We try more to profit from always remembering the obvious than from grasping the esoteric.