To win, the first thing you have to do is not lose.

We always live in an uncertain world. What is certain is that the United States will go forward over time.

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Buy into a company because you want to own it, not because you want the stock to go up.

You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.