Every company that has an economist working for him has one employee too many.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

The reaction of weak management to weak operations is often weak accounting.

We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

Be fearful when the markets get greedy, be greedy when the markets get fearful.

I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.

The Stock Market is designed to transfer money from the Active to the Patient.