In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.

Focus on your customers and lead your people as though their lives depend on your success.

Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

When investing, pessimism is your friend, euphoria the enemy.

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.