Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

Calculate "owner earnings" to get a true reflection of value.

The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.