I don't measure my life by the money I've made. Other people might, but certainly don't.

You don't have to be a genius to invest well

John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.

The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.

I'm happy when I can spend every day doing the things that I like to do. That's my luxury.