Always associate yourself with people who are better than you.

Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.

If you buy the things you don't need, you will soon be selling the things that you need.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

Never lie under any circumstances.