I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.

I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.

Common stock investors can make money by predicting the outcomes of practice evolution. You can't derive this by fundamental analysis - you must think biologically.

We don't train executives, we find them. If a mountain stands up like Everest, you don't have to be a genius to figure out that it's a high mountain.

If you have competence, you pretty much know its boundaries already. To ask the question (of whether you are past the boundary) is to answer it.

Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.