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

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.

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.

Experience is making mistakes and learning from them.

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

I know it sounds odd, but I want to make a Rolex-quality screwdriver.

Driving at the speed limit–hideous thought.

I was so poor for so long that I didn’t use anything. I didn’t drive cars, I didn’t eat very much. So, I figured the world owed me a debt, so I’ve been eating very well and have had a very big car for a long time. But I still haven’t caught up with my youth.

To drive out the darkness, bring in the light.

What personality does it take to drive a car around a track 100 times or hit a ball back and forth. That’s not very personality is it?

It is emotion that drives the intelligence forward in spite of obstacles.

Unwanted honking not only irritates others, but may also end up causing accidents. Drivers lose cool and it may result in road rage.

Be driven, be focused, but enjoy every moment, because it only happens once.