When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.

Emotional makeup is more important than technical skill

Growth and value investing are joined at the hip.

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.

The three most important words in investing...Margin of Safety.

You don't want 300 million Americans putting their money under the mattress.

If you don't find a way to make money while you sleep, you will work until you die.