If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

Buy stocks like you buy your groceries, not like you buy your perfume.

Earnings can be pliable as putty when a charlatan heads the company reporting them.

You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.

Our favorite holding period is forever.

Unless your answers are clearly better, copy the answers of your betters.