I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

There is no perfect mathematical formula for pricing a business.

Inflation could be a very - is a likely consequence out of what's going on now.

Activity is the enemy of investment returns.

If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.

I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.