My positioning with my investors was always, I need three to five years.

It is ludicrous to believe that asset bubbles can only be recognized in hindsight.

If you are going to be a great investor, you have to fit the style to who you are.

My natural state is an outsider. I've always felt outside the group, and I've always been analyzing the group.

I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.

The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.

The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

I just really like to find my own ideas.

Read every line item until you get it.

Early on, people invested in me because of my letters and then, somehow, after they invested, they stopped reading them.

Everything I do in investment is just very different.

I don't understand how the pain of losing him can be a pale shadow in comparison to the pain of finding him again.

In the last decade our attention span has dropped from 13 seconds to 8. To put that in comparison a goldfish has an attention span of 9 seconds. Don't be a goldfish.

There are, fortunately, very few people who can say that they have actually attended a murder.

Leave the matter of religion to the family altar, the church, and the private school, supported entirely by private contributions. Keep the church and state forever separate.

If you eat meat, something like that is going on in the background for you too.

Our greatest priority as Christian parents is to gradually transfer our children's dependence away from us until it rests solely on God.

I am responsible for everything... except my very responsibility.

All the things that people like me supposedly don't do, I do.

If you were a gentleman, you would offer to buy me one as well." "If you were a lady, you would have waited for me to make the offer.

Leaving San Francisco is like saying goodbye to an old sweetheart. You want to linger as long as possible.