That which is not worth doing at all is not worth doing well.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

It is easier to rationalize than it is to be rational.

It's the deleveraging that's going on right now that has caused the credit crisis.

Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

Do not take yearly results too seriously. Instead, focus on four or five-year averages.