You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.

A hyperactive stock market is the pickpocket of enterprise.

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

Honesty is a very expensive gift, Don't expect it from cheap people.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.