It's a big mistake to try and mislead people. They will turn around.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

Be fearful when the markets get greedy, be greedy when the markets get fearful.

We like to buy businesses, but we don't like to sell them.

The value of a business is the cash it's going to produce in the future.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.