The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.

Well, what's very interesting is that those people read our opinions which can be, at moments, rather animated. An animated exchange in writing among the justices. And many people who read our opinions think we have to be at each other's necks constantly. It's interesting we're not. When we're talking about cases at our conference it's generally a conversation. It's really a talk about what our perspectives are and why we have reached the conclusions we've reached.

Some writers claim to extrude a book at an even rate like toothpaste from a tube, or to build a story like a wall, so many feet per day. They sit at their desk and knock off their word quota, then frisk into their leisured evening, preening themselves. This is so alien to me that it might be another trade entirely.

I never wanted to have to choose between tennis and a family. I don't think it's fair. If I were a guy, I wouldn't be writing this because I'd be out there playing and winning while my wife was doing the physical labor of expanding our family.

Always carry a notebook. And I mean always. The short-term memory only retains information for three minutes; unless it is committed to paper you can lose an idea for ever.

When I’m working on a novel I type the initial draft first thing in the morning. Really: first thing. For preference, I have a cigarette ready-rolled and a coffee percolator loaded the night before; then I simply roll out of bed, fuel up and set to it. I believe the dreaming and imagining faculties are closely related, such that wreathed in night-time visions I find it possible to suspend disbelief in the very act of making stuff up.