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

Do not save what is left after spending, but spend what is left after saving.

The fundamental basis of above-average performance in the long run is sustainable competitive advantage.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

Knowing what to leave out is just as important as knowing what to focus on.

I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.

I don't like what's going on with the executive compensation.