When the brothel burns down, even the pretty girls have to run out.

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.

I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

Valuing a business is part art and part science.

There seems to be some perverse human characteristic that likes to make easy things difficult.

I buy expensive suits - they just look cheap on me.