When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.

Cultivate curiosity and strive to become a little wiser every day.

Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.

Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.

It's much easier to stay out of trouble now than to get out of trouble later.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.