The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own.

The purpose of life is to be loved by as many people as possible among those you want to have love you

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

Enjoy your work and work for whom you admire.

I don't measure my life by the money I've made. Other people might, but certainly don't.

I have three boxes on my desk: In, Out, and Too Hard.