You can't buy what is popular and do well.

It's the deleveraging that's going on right now that has caused the credit crisis.

When somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have social tools, and you're going to feel like an idiot if you didn't do it, because the house cost more.

It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.

A Company should be viewed as an unfolding movie, not as a still photograph

If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.