Good big decisions do not take time at all, if they do you are in trouble.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.

You are neither right nor wrong because the crowd disagrees with you.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

We look for things I can understand. A lot of businesses I don't understand.

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.