We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

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.

It's just that right now the athlete's on the floor. But we - this is a super athlete.

Activity is the enemy of investment returns.

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.