“Experience is making mistakes and learning from them.”

The untold secret of McDonald’s is that when you sell a restaurant to a franchisee, sales typically go up a lot because the franchisees do a much better job managing the store.

We invest generally in very good companies that have lost their way. And with better management, enormous value can be created.

Ultimately, investors are – are only as good as their track records.

Let me win? That doesn’t exist in my house. No one lets anyone win. Fight to the death.

You can learn investing by reading books.

Investing is one of the few things you can learn on your own.

What motivates people to succeed? Sex. People don’t like to admit it, but it’s the primal driver.

I love what I do. I don’t do it for the money. I work on behalf of investors that I like and want to do well for. I’m a competitive person.

What I love about tennis is that I’m better now than I was when I was 20.

If I believe that I am right, I will take it to the end of the earth until I am proven right.

I’m a very straightforward person. I say precisely what I think. Sometimes it rubs people the wrong way.

I want to have one of the great investment records of all time.

I have more money than I need. I don’t need to work for a living. I do this because I love what I do.

I’m not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making – just the facts.

I think good private equity investors create a lot more economic value than they destroy.

In order to be successful, you have to make sure that being rejected doesn’t bother you at all.

Be thankful for everything that happens in your life; it’s all an experience.

We use mindfulness to observe the way we cling to pleasant experiences & push away unpleasant ones.

The art of concentration is a continual letting go. We let go of what is inessential or distracting. We let go of a thought or a feeling, not because we are afraid of it or because we can’t bear to acknowledge it as a part of our experience; but, because it is UNNECESSARY.

When you have utter clarity about where you are at right now, the next level of experience will reveal itself to you.

Mindfulness, also called wise attention, helps us see what we’re adding to our experiences, not only during meditation sessions but also elsewhere.

What is happening within you and how you experience your life is entirely your making – your karma.

All of the results you are currently experiencing in your life are absolutely perfect for you. This includes your career, personal relationships and financial status.

Time doesn’t heal emotional pain, you need to learn how to let go.