You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

I've never been very fully employed either.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

Basically, the single-most important decision in evaluating a business is pricing power.

What's nice about investing is you don't have to swing at every pitch.

Never test the depth of river with both the feet.