Never test the depth of river with both the feet.

It's better to build than to buy if you can find the right people.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.

To win, the first thing you have to do is not lose.

Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.

Be fearful when the markets get greedy, be greedy when the markets get fearful.