I really like my life. I've arranged my life so that I can do what I want.

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

Turnarounds seldom turn.

Stop trying to predict the direction of the stock market, the economy or elections.

In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.

SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.

Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices