If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

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 bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.