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

All I have to do is think and not be influenced by others.

I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.

This economy doesn't work well without the lubrication of credit and trust.

House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.