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.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Intensity is the price of excellence.

So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.

If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.