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

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

It's much easier to stay out of trouble now than to get out of trouble later.

Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.

I think people - what people want to do is make [economy] get worse.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.