The Noah rule: Predicting rain doesn't count; building arks does.

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

Learning how to live is much more important than learning how to make a living.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

If past history was all there was to the game, the richest people would be librarians.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.