If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.

Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

I mean, they were getting the mortgage of some guy in Omaha, you know, securitized a couple of times. I mean he had all these - they had all these types from Wall Street, you know, and they had advanced degrees, and they look very alert, and they came with these - they came with these things that said gamma and alpha and sigma and all that. And all I can say is beware of geeks, you know, bearing formulas. They've heard that in Europe.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

Cash combined with courage in a time of crisis is priceless.