Money will always flow toward opportunity, and there is an abundance of that in America.

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

You can't buy what is popular and do well.

Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.