Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.

I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.

The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.

The three most important words in investing...Margin of Safety.

Don't risk what is important to you, to get what is not important to you.

I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.

First come the innovators, then come the imitators, then come the idiots.