Other guys read Playboy. I read annual reports.

Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.