The smartest side to take in a bidding war is the losing side.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.

Honesty is a very expensive gift, Don't expect it from cheap people.

Only when the tide goes out do you discover who's been swimming naked.

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.