We will reject interesting opportunities rather than over-leverage our balance sheet.

We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

America should stand for more than just wealth.

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.

Be fearful when the markets get greedy, be greedy when the markets get fearful.

You could be somewhere where the mail was delayed three weeks and do just fine investing.