The difference between successful people and really successful people is that really successful people say no to almost everything.

If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.

If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.

Someone is sitting in the shade today because someone planted a tree a long time ago.

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

During inflation, Goodwill is the gift that keeps on giving.