The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

If horses had controlled investment decisions, there would have been no auto industry.

My wealth has come from a combination of living in America, some lucky genes, and compound interest.

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.