I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.

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

Emotional makeup is more important than technical skill

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

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.

Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.