Expect hogs to eat a lot more in the presence of a lot of hog wash.

In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They let it balloon and balloon and balloon. It's aided by false accounting.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.

The general systems of money management [today] require people to pretend to do something they can't do and like something they don't. It's a terrible way to spend your life, but it's very well paid.

I've been associated with Warren ( Buffett) so long, I thought I'd be just a footnote.

"[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. "That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal opportunity litigator."

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.