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.

A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.

The only time to buy these is on a day with no 'y' in it.

I would push purchasing power - you push out $1,000 of purchasing to those people, it's going to get - it's going to get spent. And it needs to be spent. They need it. And it should come, to some extent, from guys like me.

Bad terminology is the enemy of good thinking.

I get to do what I like to do every single day of the year.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.