I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.

It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

An investor needs to do very few things right as long as he or she avoids big mistakes.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

When the brothel burns down, even the pretty girls have to run out.