Banking is very good business if you don't do anything dumb.

We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.

Never lie under any circumstances.

As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

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

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.