Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

In the business world, the rearview mirror is always clearer than the windshield.

I would say the biggest single cause was we had an incredible residential real estate bubble.

Things you like to do should be a hobby of yours, but things the world does should be a business of yours.

If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.

I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.