Choose clients as you would friends.

There has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn't cover new reality. We want people taking into account new information.

Accounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.

We tend to buy things - a lot of things - where we don't know exactly what will happen, but the outcome will be decent.

I think corporate managers should learn to be better investors because it would make them better managers.

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

Being short and seeing a promoter take the stock up is very irritating. It's not worth it to have that much irritation in your life.