Someone is sitting in the shade today because someone planted a tree a long time ago.

You get in a lot of trouble when you start putting fictitious numbers.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.

Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.