What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

We always live in an uncertain world. What is certain is that the United States will go forward over time.

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

It is not necessary to do extraordinary things to get extraordinary results.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.