It's never paid to bet against America. We come through things, but its not always a smooth ride.

I don't measure my life by the money I've made. Other people might, but certainly don't.

What's going to happen - things we're doing are going to have some inflationary consequences.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

The good thing is, we have household formation in this country.

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.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.