Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

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

When they get their ego involved, people do things they shouldn't do.

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

It makes a difference who the treasury secretary is.

Investment ideas, like women are often more exciting than punctual.