I think that actually people in my situation should be paying more tax.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock