The only way to be loved is to be loveable, which really irritates me.

I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

Risk can be greatly reduced by concentrating on only a few holdings.