Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.

I like to buy a company any fool can manage because eventually one will.

In stocks as in romance, ease of divorce is not a sound basis for commitment.

That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.

I've always been a great lover of baseball.

During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.