I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

We enjoy the process far more than the proceeds.

Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

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.

Never get too hung up on mistakes.

The extraordinary business does not require good management.