The rich invest in time, the poor invest in money.

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

I've often felt there might be more to be gained by studying business failures than business successes.

The value of a business is the cash it's going to produce in the future.

Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.

You can't make a good deal with a bad person.