Writing a check separates a commitment from a conversation.

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.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

The smarter the journalists are, the better off society is.

That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.

The single most important decision in evaluating a business is pricing power.

Don't risk what is important to you, to get what is not important to you.