Stop trying to predict the direction of the stock market, the economy or elections.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.

I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.

I think the FDIC was one of the great inventions of the American.

You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.

Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?