Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.

My idea of a group decision is to look in the mirror.

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

Gold has two significant shortcomings, being neither of much use nor procreative.

House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

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

I like to buy things I can understand. I do a lot of research on things.