Benign neglect, bordering on sloth, remains the hallmark of our investment process.

Calculate "owner earnings" to get a true reflection of value.

I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.

Taking jobs to build up your resume is the same as saving up sex for old age.

Chains of habit are too light to be felt until they are too heavy to be broken.

I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.

That which is not worth doing at all is not worth doing well.