For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're feeling it. If you're a jewelry retailer, you're feeling it. I know some of these businesses because we're in them. Yeah, it's being felt, but it will be felt big time more if we don't do something about it, what's going on.

Be fearful when there is greed and be greedy when there is fear.

Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

What we really want to do is buy businesses that we would be happy to own forever.