In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.

My favorite time frame for holding a stock is forever.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

If you cannot control your emotions, you cannot control your money.

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.