Be fearful when there is greed and be greedy when there is fear.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

Never ask a barber if you need a haircut.