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 never try to predict the market.

The fundamental basis of above-average performance in the long run is sustainable competitive advantage.

We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.

There is no staff. I make all the investment decisions and I do all my own analysis.

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

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.