You should invest in a business that even a fool can run, because someday a fool will.

Inactivity strikes us as intelligent behavior.

Growth and value investing are joined at the hip.

SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.

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

At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.

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.