I think people - what people want to do is make [economy] get worse.

I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.

We've got more productive capacity now than we ever have.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.

It's a lot easier to buy things than it is to sell them.