We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.

A fool and his money are soon invited everywhere.

Good big decisions do not take time at all, if they do you are in trouble.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

The American worker is more productive than he's ever been.