The best thing I did was choose the right heroes.

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

Gold has two significant shortcomings, being neither of much use nor procreative.

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.