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

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.

Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.