I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

It's just that right now the athlete's on the floor. But we - this is a super athlete.

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

I think the Congress will do the right thing. I think that they've - you know, they got into certain arguments and they start worrying about assessing blame, and there is a little demagoguery, but in the end, something this important, they'll do the right thing. So this really is an economic Pearl Harbor. That sounds melodramatic, but I've never used that phrase before. And this really is one.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.