An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

We will only do with your money what we would do with our own.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

If you don't make mistakes you can't make decisions.

I really like my life. I've arranged my life so that I can do what I want.