Always invest for the long term.

Turnarounds seldom turn.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

Occasionally, a man must rise above principles.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.

Take the job you would take if you were independently wealthy. You're going to do well at it.