Our mandate is to find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them.

I think the best thing I've done is to have attracted and kept a group of very talented people.

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori

The most important thing is being attentive to cycles.

-- Howard Marks

You can't predict. You can prepare.

-- Howard Marks

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

I try to learn from every mistake. When we lose money, I want to understand exactly why we lost it.

-- David Einhorn