You must value the business in order to value the stock.

Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

If mutual fund directors are independent, then I'm the lead character in the Bolshoi Ballet.

I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.

You have to realize the truth of biologist Julian Huxley's idea that 'Life is just one damn relatedness after another' "So you must have the models, and you must see the relatedness and the effects from the relatedness.

Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.

We have the same problem as everyone else: It's very hard to predict the future.