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

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.

When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.

A CEO's behavior has a huge impact on managers down the line.

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

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.