Lethargy, bordering on sloth should remain the cornerstone of an investment style.

I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.

We've got a wonderful economic formula in this country.

If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.

What the wise do in the beginning, fools do in the end.

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.

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