Too often, a vast collection of possessions ends up possessing its owner.

I never invest in anything that I don't understand.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.

Accounting is the language of business.

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.