If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Charlie and I have a number of filters that things have to get through before we'll think about them.

I don't like what's going on with the executive compensation.

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.

The difference between successful people and really successful people is that really successful people say no to almost everything.