In the insurance business, there is no statute of limitation on stupidity.

You need a lot of curiosity for a long, long time.

I really like my life. I've arranged my life so that I can do what I want.

Our approach is very much profiting from lack of change rather than from change.

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.