I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.

The purpose of life is to be loved by as many people as possible among those you want to have love you

I always invest in companies an idiot could run, because one day one will.

Focus on return on equity, not earnings per share.

Occasionally, a man must rise above principles.

We enjoy the process far more than the proceeds.

You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.