“You never know who's swimming naked until the tide goes out.”

“It's only when the tide goes out that you learn who's been swimming naked.”

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”

“Never ask a barber if you need a haircut.”

“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

“The attitude of our managers vividly contrasts with that of the young man who married a tycoon's only child, a decidedly homely and dull lass. Relieved, the father called in his new son- in-law after the wedding and began to discuss the future: Son, you're the boy I always wanted and never had. Here's a stock certificate for 50% of the company. You're my equal partner from now on.' Thanks, dad.'Now, what would you like to run? How about sales?' I'm afraid I couldn't sell water to a man crawling in the Sahara.' Well then, how about heading human relations?' I really don't care for people.' No problem, we have lots of other spots in the business. What would you like to do?' Actually, nothing appeals to me. Why don't you just buy me out?”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”