We have a country where I don't know whether it's a million households a year or more, but good form.

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.