The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

It’s not that I want money. It’s the fun of making money and watching it grow.

I mean, we'll be pounding on the guy's chest, you know, on the floor, and you know, he's not going to just jump up all of a sudden. So it makes it tough. I mean, it's tough to be in the legislature, you know, and vote for something and then people say, well, you voted all this money and you know, it's all getting spent. It isn't getting spent. It's getting invested. But it's all getting spent. Nothing's happening.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

The extraordinary business does not require good management.