We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.

In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Only when you combine sound intellect with emotional discipline do you get rational behavior.

What's going to happen - things we're doing are going to have some inflationary consequences.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

Never get too hung up on mistakes.