In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

I measure success by how many people love me. And the best way to be loved is to be lo veable.

We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.

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

There are certain things that cannot be adequately explained to a virgin either by words or pictures.

Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.

Is management rational?