If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.

When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.

I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.

We don't get paid for being busy, we get paid for being right.

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.