If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

A bull market is like sex. It feels best just before it ends.

You do not adequately protect yourself by being half awake when other are sleeping.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.