One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

Only when you combine sound intellect with emotional discipline do you get rational behavior.

Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.

If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.