Is management rational?

I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].

With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

Intensity is the price of excellence.

Growth and value investing are joined at the hip.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

The best asset is your own self. You can become to an enormous degree the person you want to be