You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

You don't have to be a genius to invest well

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

Risk can be greatly reduced by concentrating on only a few holdings.