I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

You can't make a good deal with a bad person.

I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.

You can't buy what is popular and do well.