Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

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."

It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.

Understanding how to be a good investor makes you a better business manager and vice versa.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

We have a passion for keeping things simple.