If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

Larger sums may be an advantage at some cases and a disadvantage at others.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.

If you are a professional and have confidence, then I would advocate lots of concentration.

It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.