The best education you can get is investing in yourself, and that doesn't mean college or university.

Look for companies with high profit margins.

I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.

Stocks are the only thing that people are happy to buy when the price goes up.