I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

If I subscribed to the efficient market theory I would still be delivering papers

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

Take the high road; it's far less crowded.

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.