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.

Don't play with businesses that can't win. Businesses that are number 3, number 5 in their market - Christ couldn't fix those businesses. They're going to lose anyway.

To the youngsters of today, I say believe in the future, the world is getting better; there still is plenty of opportunity. Why, would you believe it, when I was a kid I thought it was already too late for me to make good at anything.

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

It was okay for people to write negative things about me just as long as they spelled my name right.

Do a good job. You don't have to worry about the money; it will take care of itself. Just do your best work — then try to trump it.