Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

Writing a check separates a commitment from a conversation.

The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.

We make investment decisions based on our evaluation of the most profitable combination of probabilities.

Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.