Sound investing can make you very wealthy if you're not in too big a hurry

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

A bull market is like sex. It feels best just before it ends.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

[Economy] is flat on the floor, and the paramedics have arrived. And they shouldn't argue about whether they put the resuscitation equipment a quarter of an inch this way or a quarter of an inch this way, or they shouldn't start criticizing the patient, because he didn't have a blood pressure test or something like that. They should do what's needed right now.

Cash combined with courage in a time of crisis is priceless.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.