OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

... not doing what we love in the name of greed is very poor management of our lives.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.

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

Honesty is a very expensive gift, Don't expect it from cheap people.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.