You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

The three most important words in investing...Margin of Safety.

Taking jobs to build up your resume is the same as saving up sex for old age.