'I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.'- Oct. 2003 talking with Wharton MBA students

On acquiring bad companies for cheap prices: 'In my early days as a manager I, too, dated a few toads. They were cheap dates - I've never been much of a sport …

'The important thing is to keep playing, to play against weak opponents and to play for big stakes.'- Nov. 2002 talking with students at Gaston Hall

'Despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest…