Success is the sum of detail. It might perhaps be pleasing to imagine one's self beyond detail and engaged in only in great things. But, as I have often observed, if one attends only to great things and lets the little things pass, the great things become little - that is, the business shrinks.

An idealist is a person who helps other people to be prosperous.

Have a positive attitude and spread it around, never let yourself be a victim, and for goodness' sake - have fun.

The most important personal ‘core competence’ by far is a rich set of relationships.

Train people well enough so they can leave, treat them well enough so they don't want to.

Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it's a good investment. Investors then just hope that those cash flows-and thus the company's value-don't decrease faster than they anticipate.