The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

I don't want to give a lecture to this body that's out there. You know, I mean, having had the heart attack, I want to get it back functioning. And as a practical matter, I mean if you were Bear Stearns, and you were a shareholder, you know, you lost 90 to 95 percent of your money. A good many lost their jobs. They lost very cushy lives, many of them.

If you're in a card game and you can't figure out who the patsy is, you're it.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.