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

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

The only way to be loved is to be loveable, which really irritates me.

That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.

It's good to learn from your mistakes. It's better to learn from other people's mistakes.