“

The time to buy is when there is blood in the streets, even if some of it is your own.

“

I spent twenty-four years advising bankrupt companies. Then I realized I should be buying them.

“

Industries do not die. They restructure. Someone always picks up the pieces.

“

If it costs five hundred million to build a steel mill and I can buy one for fifty million, that is a ninety percent margin of safety.

“

Restructuring is not about destroying. It is about saving what can be saved.