When people talk about cash being king, it's not king if it just sits there and never does anything.

When they get their ego involved, people do things they shouldn't do.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

Stocks are the only thing that people are happy to buy when the price goes up.