Buy stocks like you buy your groceries, not like you buy your perfume.

The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.

You can lose leverage, and it's the only way a smart guy can go broke.

Risk comes from not knowing what you're doing.

Nothing sedates rationality like large doses of effortless money.

I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.

Focus on your customers and lead your people as though their lives depend on your success.