I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

To win, the first thing you have to do is not lose.

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.

I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".

If you buy the things you don't need, you will soon be selling the things that you need.

I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.