It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.

The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: "I'll buy a million dollars' worth of love." But it doesn't work that way. The more you give love away, the more you get.