I'm happy when I can spend every day doing the things that I like to do. That's my luxury.

I'm happy when I can spend every day doing the things that I like to do. That's my luxury.

I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.

If I got a chance to take one percent of the deal either way, I would make that bet.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

I wouldn't want to manufacture cigarettes. But if I owned - we do own Costco. Do they sell them? Yes. So I don't have a problem owning stock in that. But I just wouldn't want to - I wouldn't want to do it myself. I basically think, if anything is sufficiently antisocial, society should do something about it. But that's a separate question. But - and I don't think there's any company that I have seen that's 100 percent pure.

I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.