What's nice about investing is you don't have to swing at every pitch.

Let blockheads read what blockheads wrote.

Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

They [Goverment] take from the woman who comes in and takes the wastebaskets out.

If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.

A stock doesn't know that you own it.