We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.

When you're associating with the people that you love, doing what you love, it doesn't get any better than that.

The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.

When investing, pessimism is your friend, euphoria the enemy.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.