All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

I know that Congress will do the right thing.

Investment must be rational; if you can't understand it, don't do it.

Activity is the enemy of investment returns.

The Fed is the greatest hedge fund in history.

A single year's performance is of minor importance and, good or bad, should never be taken seriously.

Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.