People do, as long as you have markets, you'll have excesses.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.

I know the country works extremely well. You know, but when it isn't clogged up.

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

Charlie and I have a number of filters that things have to get through before we'll think about them.

Exercise humility and restraint.