Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Inactivity strikes us as intelligent behavior.

There's no use running if you're on the wrong road.

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.

I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.