I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.

You pay a very high price in the stock market for a cheery consensus.

Is management candid with the shareholders?

I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.