The good thing is, we have household formation in this country.

What's nice about investing is you don't have to swing at every pitch.

We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.

The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.