The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.

If I got a chance to take one percent of the deal either way, I would make that bet.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.