I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on a one word answer. He had a speech prepared that would have gone on for several hours. But when forced to boil it down to one word, he said that was "rational". You know, he comes equipped for rationality, and he applies it in business. He doesn't always apply it elsewhere, but he applies it in business and that has made him a huge business success.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.