A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.

It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Always invest for the long term.

Derivatives are financial weapons of mass destruction.