We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.

What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

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.

The secret is to find what you love to do.I mean, I tell the students look for the job that you would take if you didn't need a job. I mean, it's that simple. And I was lucky enough to find it very early in life. And then the second thing is to have people around you that make feel good every day, and make you a better person than you otherwise would be.

I lose confidence in other people, all kinds of institutions.

When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.