Writing a check separates a commitment from a conversation.

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

It's never paid to bet against America.

We enjoy the process far more than the proceeds.

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

Exercise humility and restraint.