Let blockheads read what blockheads wrote.

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.

[Economy] is flat on the floor, and the paramedics have arrived. And they shouldn't argue about whether they put the resuscitation equipment a quarter of an inch this way or a quarter of an inch this way, or they shouldn't start criticizing the patient, because he didn't have a blood pressure test or something like that. They should do what's needed right now.

Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.

It's the deleveraging that's going on right now that has caused the credit crisis.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

To win, the first thing you have to do is not lose.