If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.

I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.

We have to live with the rest of the world. And it's a mistake, in my view. Trade has generally developed in this country. We actually export 12 or 13 percent of our GDP. It was only 5 percent in 1970. But it benefits us. It benefits the rest of the world. It doesn't benefit the steelworker maybe in Ohio. And that's the problem that has to be addressed, because when you have something that's good for society, but terribly harmful for given individuals, we have got to make sure those individuals are taken care of.

It is impossible to unsign a contract, so do all your thinking before you sign.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.