“Business is much less transparent than a win in a Grand Prix; in a race you drive over the finishing line first and you have won. In business it is different.”

“The America's Cup is like driving your Lamborghini to the Grand Prix track to watch the charter buses race.”

“Success is a finished book, a stack of pages each of which is filled with words. If you reach that point, you have won a victory over yourself no less impressive than sailing single-handed around the world.”

“The race is long. It is better to drive within oneself and finish the race behind the other than it is to drive too hard and crash.”

“[T]he race is long - to finish first, first you must finish.”

“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety…”

“It is not a reproach but a compliment to learning, to say, that great scholars are less fit for business; since the truth is, business is so much a lower thing than learning, that a man used to the last cannot easily bring his stomach down to the first.”

“After you have finished a piece of work, the work is then none of your business. Go on and do something else.”

“It is not so much how busy you are, but why you are busy. The bee is praised. The mosquito is swatted.”

“Business is a game, played for fantastic stakes, and you're in competition with experts. If you want to win, you have to learn to be a master of the game.”