Don't settle for anything other than your passion - if you're lucky enough to find it.

If you don't know jewelry, know the jeweler.

If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

We look for things I can understand. A lot of businesses I don't understand.

I would say the biggest single cause was we had an incredible residential real estate bubble.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.