If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

Someone is sitting in the shade today because someone planted a tree a long time ago.

Buy stocks like you buy your groceries, not like you buy your perfume.

Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.