It's never paid to bet against America.
The three most important words in investing...Margin of Safety.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
Never ask a barber if you need a haircut.
The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.