Take the job you would take if you were independently wealthy. You're going to do well at it.

A lot of people disagree with me on this, I believe in mark to market.

A hyperactive stock market is the pickpocket of enterprise.

A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

If you hit a hole in one every hole, you wouldn’t play golf for very long.

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.