There is no staff. I make all the investment decisions and I do all my own analysis.

Investing is laying out money now to get more money back in the future.

It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.

I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.

The U.S. Treasury has got borrowing costs like nobody else has.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.