As far as you are concerned, the stock market does not exist. Ignore it.

My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

We always live in an uncertain world. What is certain is that the United States will go forward over time.

I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.

I have three boxes on my desk: In, Out, and Too Hard.

I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.