Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

Wall Street makes its money on activity. You make your money on inactivity.

If I got a chance to take one percent of the deal either way, I would make that bet.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Is management rational?

Someone is sitting in the shade today because someone planted a tree a long time ago.

Money will always flow toward opportunity, and there is an abundance of that in America.