If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

I have three boxes on my desk: In, Out, and Too Hard.

I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.

Risk comes from not knowing what you're doing.

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.