Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

The first rule is not to lose. The second rule is not to forget the first rule.

We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.

Take the job you would take if you were independently wealthy. You're going to do well at it.

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

Never invest in a business you can't understand