Be brave when others are afraid, and afraid when others are brave.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Derivatives are financial weapons of mass destruction.

Our favorite holding period is forever.

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.