Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.

Learning how to live is much more important than learning how to make a living.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

Success is having people love you that you want to have love you.