I am a better investor because I am a businessman, and a better businessman because I am no investor.

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.

I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.