Too often, a vast collection of possessions ends up possessing its owner.

I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

The Fed is the greatest hedge fund in history.

We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.