When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.

The key to success is emotional stability.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

Generally, we have translated greater output in the few hours of work per week over the last century. And that's a good trend of the future. But we do have to have a system that, as output of goods and services keeps increasing per capita, that it takes care of the people who are willing to work and really are not getting by very well with a family on a 40-hour week.