Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

We have a country where I don't know whether it's a million households a year or more, but good form.

You can't make a good deal with a bad person.

Well, it may be all right in practice, but it will never work in theory

You only have to do a very few things right in your life so long as you don't do too many things wrong.

I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.

Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.