Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

If horses had controlled investment decisions, there would have been no auto industry.

We like to buy businesses, but we don't like to sell them.

The Stock Market is designed to transfer money from the Active to the Patient.

If past history was all there was to the game, the richest people would be librarians.

House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.