“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.”

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

Experience is making mistakes and learning from them.

The great moments of life are but moments like the others. Your doom is spoken in a word or two. A single look from the eyes; a mere pressure of the hand, may decide it; or of the lips though they cannot speak.

I believe that the time has arrived for medical investigation of the problems of manned rocket flight, for it will not be the engineering problems but rather the limits of the human frame that will make the final decision as to whether manned space flight will eventually become a reality.

Do things as soon as you can. If a decision needs to be made, make it. It gives you more time to change your mind.

Self-censorship is a lie to yourself; if you are going to be trying to seriously create art, to create literary art, and you decide to hold back, to censor yourself, then you are a fool to yourself and it would be better that you kept your mouth shut and did not speak.

There is no real direction here, neither lines of power nor cooperation. Decisions are never really made – at best they manage to emerge, from a chaos of peeves, whims, hallucinations and all around assholery.

Ever dumb thing I ever done in my life there was a decision I made before that got me into it. It was never the dumb thing. It was always some choice I’d made before it.

The only people who have quick answers don’t have the responsibility of making the decisions.

All democratic societies eventually decide what is in favor of them.