Problems in a company are like cockroaches in the kitchen. You will never find just one

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

You don't ever ask a barber whether you need a haircut.

The good thing is, we have household formation in this country.

We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.

In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'

If you don't make mistakes you can't make decisions.