Other guys read Playboy. I read annual reports.

Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.

I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

Investing is laying out money now to get more money back in the future.

If knowing history made you rich, librarians would be billionaires.