A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].

Ignore the stock market, ignore the economy, and buy a business you understand.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

Well, it may be all right in practice, but it will never work in theory