Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth is just staggering. And those people are paying less percentage of their total income to the federal government than their receptionists are. [...] I'll bet a million dollars against any member of the Forbes 400 who challenges - me that the average for the Forbes 400 will be less than the average of their receptionists.

It is more important to say "no" to an opportunity, than to say "yes".

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.

I'm happy when I can spend every day doing the things that I like to do. That's my luxury.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

If you don't find a way to make money while you sleep, you will work until you die.