The future belongs to those who give the next generation reason for hope.
For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture [of conservatism] runs pretty deep.
Show me the incentive and I will show you the outcome
Our biggest mistakes, were things we didn't do, companies we didn't buy.
Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.
'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.
Dying is a troublesome business: there is pain to be suffered, and it wrings one's heart; but death is a splendid thing -a warfare accomplished, a beginning all over again, a triumph. You can always see that in their faces.
Silence not only lets you listen but to see things with much more clarity than you ever can.
They hate whom they fear.
What a splendid perspective contact with a profoundly different civilization might provide! In a cosmic setting vast and old beyond ordinary human understanding we are a little lonely, and we ponder the ultimate significance, if any, of our tiny but exquisite blue planet, the Earth. . . . In the deepest sense the search for extraterrestrial intelligence is a search for ourselves.