Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Having first-rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
Honesty is a very expensive gift. Don’t expect it from cheap people.
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
I am a better investor because I am a businessman and a better businessman because I am an investor.
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
I am quite serious when I say that I do not believe there are, on the whole Earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.