If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.

The reaction of weak management to weak operations is often weak accounting.

If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.

I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.

Investing is simple, but not easy.

I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.