... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

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

I want to be able to explain my mistakes. This means I do only the things I completely understand.

Diversification may preserve wealth, but concentration builds wealth.

I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.