I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

Only when the tide goes out do you discover who's been swimming naked.

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.

You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.