Wall Street makes its money on activity. You make your money on inactivity.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

My idea of a group decision is to look in the mirror.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

Inactivity strikes us as intelligent behavior.