Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

The important thing is to keep playing, to play against weak opponents and to play for big stakes.

Your premium brand had better be delivering something special, or it's not going to get the business.

The plan itself is opportunism. There is no plan before that.

Only when the tide goes out do you discover who's been swimming naked.

We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.

Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.