It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

Do not save what is left after spending, but spend what is left after saving.

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.