“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.”

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.

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.

Experience is making mistakes and learning from them.

The world is so full of people who are grabbing and self-seeking. So the rare individual who unselfishly tries to serve others has an enormous advantage. He has little competition.

As I leave my competition respirator style, climb the ladder to success escalator style.

In fact, the corporations are driving out the competition and it is not getting better, especially when they are not paying income taxes. Thank goodness for the social media out there, because we sure can’t count on the corporate media to get the word out.

We do not win championships with girls. We win with competitors.

You can’t always be the most talented person in the room. But you can be the most competitive.

Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there’s an education level that plays into the mix and so if it’s inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.

Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.

Strategy is about setting yourself apart from the competition. It’s not a matter of being better at what you do – it’s a matter of being different at what you do.