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

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

The investor of today does not profit from yesterday's growth.

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

I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.