The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.

I think it's gone much too far. Most of them are not worth the powder to blow them to hell.

Don't look for the needle in the haystack. Just buy the haystack!

I think it's fairly easy to provide a moral defense of capitalism. It has been - over the last 200 years - the underlying basis for enormous increases in productivity and human welfare and rising living standards, particularly in the United States, and in the industrialized nations but in fact, in most parts of the world.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.

If your fund doesn't last for the long term, how can you invest for the long term?

My biggest prediction for the future is that people are going to start looking after individual investors.