Writing a check separates a commitment from a conversation.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

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.

We would do best in a market where everyone acted foolishly.

Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.

When it's raining gold, reach for a bucket, not a thimble.

I always invest in companies an idiot could run, because one day one will.