It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

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.

I lose confidence in other people, all kinds of institutions.

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.