I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

Investors should remember that excitement and expenses are their enemies.

People do, as long as you have markets, you'll have excesses.

I know that Congress will do the right thing.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Derivatives are financial weapons of mass destruction.

The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.