Turnarounds seldom turn.

It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.

The purpose of life is to be loved by as many people as possible among those you want to have love you

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.

The ability to say no is a tremendous advantage for an investor.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.