The Noah rule: Predicting rain doesn't count; building arks does.

I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.

When bills come due, only cash is legal tender. Don't leave home without it.

Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.

The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.