What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

I constantly see people rise in life who are not the smartest - sometimes not even the most diligent. But they are learning machines; they go to bed every night a little wiser than when they got up. And, boy, does that habit help, particularly when you have a long run ahead of you.

We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.

The definition of hell in the legal system is: endless due process and no justice; (in the corporate world) it would be: endless due diligence and no horse sense.

The investment game is getting more and more competitive.

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