Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

Never get too hung up on mistakes.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.