Our favorite holding period is forever.

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

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.

The best thing I did was choose the right heroes.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.