I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.

The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.

The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

...being an effective teacher is a high calling.

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to spot problems at companies like Royal Dutch [Shell].

I try to get rid of people who always confidently answer questions about which they don't have any real knowledge.