A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well

I always invest in companies an idiot could run, because one day one will.

I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.

We've got all the ingredients for a sensational future.

Focus on return on equity, not earnings per share.

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.

I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.