I don't read economic forecasts. I don't read the funny papers.

We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.

I think confidence will come back.

For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.

Earnings can be pliable as putty when a charlatan heads the company reporting them.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

If book knowledge made great investors, than the librarians would all be rich.