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 find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

Investing requires qualities of temperament way more than it requires qualities of intellect.

I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.

Accounting is the language of business.