I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.

I want to be able to explain my mistakes. This means I do only the things I completely understand.

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

If I subscribed to the efficient market theory I would still be delivering papers

Our approach is very much profiting from lack of change rather than from change.

If you don't find a way to make money while you sleep, you will work until you die.

An ounce of prevention is worth a pound of cure understated.