“I am always prepared to do the right thing regardless of what other people think.”

Everyone told me it was a really stupid idea to start my own hedge fund right out of business school. That’s how I knew that it was a good idea.

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.

The biggest disease this day and age is that of people feeling unloved.

All people want to be touched.

Young people think Rosa Parks just sat down on a bus and ended segregation, but that wasn’t the case at all.

I’m no innovator. If anything I’m a stealer, or borrower. I’ve stolen or borrowed from more people than you can shake a stick at.

I’m much closer to the people at the bottom than the people at the top, and the latter won’t forgive me for it.

Wherever people feel safe – they will be indifferent.

People don’t have great attitudes because of great success, they have great success largely because of great attitudes.

Have a plan. Follow the plan, and you’ll be surprised how successful you can be. Most people don’t have a plan. That’s why it’s easy to beat most folks.