Returns decrease as motion increases.

Writing a check separates a commitment from a conversation.

The greater the potential for reward in the value portfolio, the less risk there is.

Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.