The dumbest reason in the world to buy a stock is because it's going up.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.

A Company should be viewed as an unfolding movie, not as a still photograph

We've got more productive capacity now than we ever have.

We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.