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.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.

My friends and I have been coddled long enough by a billionaire-friendly Congress.